Daily Sugar Market Update By Vizzie – 04/12/2020

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ChiniMandi, Mumbai: Friday 4th December 2020
Domestic Market: The market witnessed moderate demand.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl whereas M/30 ₹3250 to 3270
South Karnataka: S/30 Sugar rates are ₹3190 to 3250 whereas, M/30 rates are ₹3205 to 3300.
Uttar Pradesh: The rates for M/30 are ₹3300 to 3350/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3300 to 3350 whereas, M/30 rates are 3350 to 3375.
(All the above rates are excluding GST)

International Market: On Thursday sugar prices posted moderate gains and rebounded after Wednesday’s close at lows after a sharp rally in the Brazilian real fueled short-covering in sugar futures.
London White Sugar front month contract is trading at $401.10/tn, whereas New York Sugar front month contract is trading at 14.62/lb at the time of writing this update.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 73.708 whereas USD was trading with BRL at 5.1420 Crude futures traded at Rs.3407, Crude WTI traded at $46.14 a barrel. Sensex closed 446.90 points higher at 44,632.65 whereas Nifty ended 124.65 points higher at 13,258.55.

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