ChiniMandi, Mumbai – Thursday 5th August 2019
Indian: Due to lifting pressure, the sugar market was down nationwide. In Maharashtra sugar Mills are opening their rates at Rs.3230 to Rs.3340/Qntl, whereas in Resell, prices are Rs.3200 to 3300. In Uttar Pradesh, Mill sales are taking place at Rs.3290 to 3420. In resale, the rates are Rs.3380 to 3420. In Gujarat, S/30 is trading at Rs.3290 to 3390. In Tamil Nadu, Mill trades are taking place at Rs.3440 to 3545 excluding GST.
International: The sugar market was stable. London White Sugar price is trading at $303.70 whereas US Sugar price is trading at $11.05. The FOB indication for raw sugar was at $335-$340 and Indian White Sugar at $348-$353. The demand of Raw Sugar range was ₹20800-21000/mt and White Sugar ₹21700-₹22000/MT on Ex.factory basis. (Note: The above prices are just indications not offers from any exporters.)
Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.867 meanwhile USD traded with BRL at 4.0947, Crude Futures traded at ₹4046, Crude WTI is trading at $56.23. BSE Sensex ended with marginal loss, while Nifty50 finished flat after traded in a narrow range. At close, the Sensex was down 80.32 points at 36,644.42, while Nifty was up 3.25 points at 10,847.90.
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