ChiniMandi, Mumbai: Thursday 5th November 2020
Domestic Market: Scattered demand was witnessed nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3125 to ₹3150/Qntl whereas M/30 ₹3240 to 3270
South Karnataka: S/30 Sugar rates are ₹3195 to 3260 whereas, M/30 rates are ₹3235 to 3310.
Uttar Pradesh: The rates for M/30 are ₹3250 to 3285/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3300 to 3375 whereas, M/30 rates are 3425.
(All the above rates are excluding GST)
According to reports on Wednesday sugar prices extended Tuesday’s losses on forecasts for rain in the sugar-growing areas of Brazil, which eases crop concerns and sparked long liquidation pressure in sugar futures.
London White Sugar front month contract is trading at $394.2/tn, whereas New York Sugar front month contract is trading at 14.67/lb at the time of writing this update.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.076 whereas USD was trading with BRL at 5.6002 Crude futures traded at Rs.2877, Crude WTI traded at $38.81 a barrel. Indian Indices ended in the green. Sensex closed 724.02 points higher at 41,340.16 whereas Nifty ended 211.80 points higher at 12,120.80.
To Listen to this News click on the play button.