ChiniMandi, Mumbai: Wednesday 8th July 2020
Domestic Market: The market witnessed moderate demand nationwide.
Maharashtra: S/30 Sugar rates from millers are โน3210 to โน3250/Qntl whereas M/30 โน3310 to 3350โน
South Karnataka: The rates for S/30 are โน3450/Qntl whereas for M/30 are at โน3500/Qntl.
Uttar Pradesh: The rates for M/30 are โน3380/Qntl.
Gujarat: The rates for New S/30 are โน3321 whereas M/30 are at โน3351 to 3371/Qntl.
Tamil Nadu: S/30 Sugar rates are โน3430 to Rs.3500 whereas, M/30 rates are โน3480 to 3550.
(All the above rates are excluding GST)
International Market:
According to reports, on Monday sugar prices closed lower on demand concerns and adequate supplies. Weakness in the Brazilian real against the dollar also weighed on sugar prices as the real dropped -0.65% against the dollar.
London White Sugar front month contract is trading at $351.80/tn, whereas US Sugar front month contract is trading at 12.13/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.988 whereas USD traded with BRL at 5.3570, Crude futures traded at Rs.3059, Crude WTI traded at $40.73. Indices ended in the red, sensex closed 345.51 points lower at 36,329.01. Similarly, Nifty ended 93.90 points lower at 10,705.75.
ย To Listen to this News click on the play button.
