Daily Sugar Market Update By Vizzie – 07/12/2020


ChiniMandi, Mumbai: Monday 7th December 2020

Domestic Market: The market witnessed scattered demand.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl whereas M/30 ₹3250 to 3270.
South Karnataka: S/30 Sugar rates are ₹3150 to 3175 whereas, M/30 rates are ₹3325 to 3350.
Uttar Pradesh: The rates for M/30 are ₹3275 to 3300/Qntl.
Gujarat: The rates for M/30 are at ₹3151 to 3201/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3275 to 3350 whereas, M/30 rates are 3325 to 3350.
(All the above rates are excluding GST)

International Market: According to reports on Friday, sugar prices settled lower. A surge in Brazil sugar exports weighed on prices after Thursday’s news that Brazil’s Nov sugar exports rose +60% y/y to 3.1 MMT.

Today the market opened lower. London White Sugar front month contract is trading at $396.10/tn, whereas New York Sugar front month contract is trading at 14.39/lb while writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.911 whereas USD was trading with BRL at 5.1598 Crude futures traded at Rs.3387, Crude WTI traded at $45.75 a barrel. Sensex closed 347.42 points higher at 45,426.97 whereas Nifty ended 97.20 points higher at 13,355.75.

To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here