Daily Sugar Market Update By Vizzie – 04/11/2020


ChiniMandi, Mumbai: Wednesday 4th November 2020
Domestic Market: Scattered demand was witnessed nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3125 to ₹3150/Qntl whereas M/30 ₹3240 to 3270
South Karnataka: S/30 Sugar rates are ₹3195 to 3260 whereas, M/30 rates are ₹3235 to 3310.
Uttar Pradesh: The rates for M/30 are ₹3250 to 3285/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3300 to 3375 whereas, M/30 rates are 3425.
(All the above rates are excluding GST)

International Market: According to reports on Tuesday sugar prices fell back from highs ending with moderate losses after updated weather forecasts called for rain in the sugar-growing regions of Brazil.

London White Sugar front month contract is trading at $394.10/tn, whereas New York Sugar front month contract is trading at 14.71/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.590 whereas USD was trading with BRL at 5.7565 Crude futures traded at Rs.2888 Crude WTI traded at $38.70 a barrel. Indian Indices ended in the green. Sensex closed 355.01 points higher at 40,616.14 whereas Nifty ended 95 points higher at 11,908.50.

To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here