Daily Sugar Market Update by ‘Vizzie’ – 05/09/2019

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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.

To Listen Sugar market today on 5th September 2019 News click on the player button.

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