Daily Sugar Market Update By Vizzie -06/03/2020


ChiniMandi, Mumbai: Friday 6th March 2020
Domestic Market: The market witnessed poor nationwide with sugar millers facing selling pressure.
Maharashtra: S/30 Sugar trades are taking place at Rs.3070 to Rs.3145/Qntl.
South Karnataka: S/30 trades are taking place at Rs.3200 to Rs. 3275 whereas M-30 is taking place at Rs.3230.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3190 to Rs.3230.
Gujarat: S/30 is trading at Rs.3150 whereas M/30 trades are taking place at 3240-3250.
Kolkata: The trades for S/30 are taking place at Rs.3480 to Rs.3490 whereas M/30 trades are taking place at Rs.3550 to Rs.3570.
Tamil Nadu: S/30 Sugar is trading at Rs.3280 to Rs.3380 whereas M/30 trades are taking place at Rs.3350 to Rs.3375.
*All the domestic rates except Kolkata are excluding GST

International Market: The market was stable. White sugar of season 2018/19 icumsa 150 ready delivery is trading at Rs.23900 to Rs. 24000 on ex factory basis. Demand for white sugar of season 2019/20 icumsa below 100 is at Rs.24200 to Rs.24300 ex. factory basis. The FOB indication for white sugar icumsa 150 season 2018/19 is $375 to $376. For white sugar icumsa 100 Season 2019/20 the FOB indication is $382 to $384.

London White Sugar front month contract is trading at $378.70/tn whereas US Sugar front month contract is trading at 13.32/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.735 whereas USD traded with BRL at 4.6602, Crude futures traded at Rs.3250, Crude WTI traded at $43.51.
Indian Indices rose and ended in the red today. Sensex closed 893.99 points lower at 37,576.62 whereas Nifty ended 279.55 points higher at 10,989.45.

 To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here