ChiniMandi, Mumbai: Tuesday 6th October 2020
Domestic Market: The market was steady.
In Maharashtra: S/30 Sugar rates from millers are ₹3150/Qntl whereas M/30 ₹3240 to 3260
South Karnataka: S/30 Sugar rates are ₹3250 to 3300 whereas, M/30 rates are ₹3300 to 3350.
Uttar Pradesh: The rates for M/30 are ₹3250 to 3260/Qntl.
Gujarat: The rates for M/30 are at ₹3241 to 3261/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3325 to 3400 whereas, M/30 rates are 3400 to 3450.
(All the above rates are excluding GST)
International Market: According to reports on Monday , sugar prices settled mixed. Crude oil surged more than +6%, London White Sugar settled slightly lower after GBP/USD rallied to a 2-week high.
London White Sugar front month contract is trading at $374.50/tn, whereas New York Sugar front month contract is trading at 13.69/lb at the time of writing this update.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 73.405 whereas USD was trading with BRL at 5.5419 Crude futures traded at Rs.2962, Crude WTI traded at $40.35 a barrel. Indian Indices ended in the green. Sensex closed 600.87 points higher at 39574.57 whereas Nifty ended 159.05 points higher at 11,662.40
To Listen to this News click on the play button.