Daily Sugar Market Update By ‘Vizzie’ – 05/08/2019


ChiniMandi, Mumbai – Monday 5th August 2019

Indian: The sugar market has a mixed demand nationwide. In Maharashtra, loading has been at a halt due to very to heavy rains and flood situations in parts of Western Maharashtra. Mills are opening their rates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3080 to 3140. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3160 to 3210. In Tamil Nadu, Mill trades are taking place at Rs.3300 to Rs.3350 excluding GST.

International: The sugar market was stable. London White Sugar price is trading at $322.70 whereas US Sugar price is trading at $11.96. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹19800-20300/mt and White Sugar ₹20750-₹21000/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 70.714 meanwhile USD traded with BRL at 3.8914, Crude Futures traded at ₹3898, Crude WTI is traded at $55.00. Tensions in the northern state of Jammu and Kashmir coupled with simmering trade war concerns between the United States and China led to broad-based sell-off at D-street. The Sensex closed today settled 418 points lower to close Monday’s trade at 36,699.84. The Nifty50 also dipped 135 points to settle at 10,862.60.


Please enter your comment!
Please enter your name here