Daily Sugar Market Update By Vizzie – 07/10/2020

ChiniMandi, Mumbai: Wednesday 7th 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 ₹3275 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 Tuesday , sugar prices moved higher with New York sugar at a high. A rally in crude prices also supported sugar prices.

London White Sugar front month contract is trading at $381.00/tn, whereas New York Sugar front month contract is trading at 13.98/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.283 whereas USD was trading with BRL at 5.5635 Crude futures traded at Rs.2935, Crude WTI traded at $40.02 a barrel. Indian Indices ended in the green. Sensex closed 304.38 points higher at 39878.95 whereas Nifty ended 76.45 points higher at 11,738.85–

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