ChiniMandi, Mumbai: Friday 5th March, 2021
The market witnessed moderate demand.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3130/Qntl. whereas M/30 ₹3210 to 3250. In the resale market S/30 is trading at ₹3030 to ₹3065 whereas M/30 is trading at ₹3075 to ₹3200.
South Karnataka: S/30 rates are ₹3160 to 3195. M/30 rates are ₹3170 to 3250.
Uttar Pradesh: The rates for M/30 are ₹3170 to 3210
Gujarat: The rates for old S/30 and ₹M/30 at 3101 to 3111 and new S/30 are prevailing at ₹3121 new M/30 ₹3121 to 3141
Tamil Nadu: S/30 Sugar rates are ₹3220 to 3270 whereas, M/30 rates are 3295
(All the above rates are excluding GST)
On Thursday sugar prices posted moderate gains on strength in crude oil prices.
At the time of writing this update London White Sugar front month contract is trading at $459/tn, whereas New York Sugar front month contract is trading at 16.16/lb.
In the Indian market, white sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹27150 to ₹27250 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600- 1200 is at ₹27000 to ₹27150 factory basis.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 73.025 whereas USD was trading with BRL at 5.6697 Crude futures traded at Rs.4760, Crude WTI traded at $65.02 a barrel. Sensex closed 440.76 points lower at 50,405.32 whereas Nifty ended 142.65 points lower at 14,938.10
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