ChiniMandi, Mumbai: Tuesday, 8th September 2020
Domestic Market:The market was stable nationwide. No major movement was witnessed nationwide.
In Maharashtra: S/30 Sugar rates from millers are โน3170/Qntl whereas M/30 โน3240 to 3260
South Karnataka: S/30 Sugar rates are โน3320 to 3400 whereas, M/30 rates are โน3350 to 3450.
Uttar Pradesh: The rates for M/30 are โน3360 to 3400/Qntl.
Gujarat: The rates for New S/30 are โน3231 to 3235 whereas M/30 are at โน3251 to 3261/Qntl.
Tamil Nadu: S/30 Sugar rates are โน3400 to 3450 whereas, M/30 rates are โน3450 to 3500.
(All the above rates are excluding GST)
International Market:London White Sugar front month contract is trading at $353.10/tn, whereas New York Sugar front month contract is trading at 11.84/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.876 whereas USD is trading with BRL at 5.2998, Crude futures traded at Rs.2759, Crude WTI traded at $37.27 a barrel. Indian Indices ended in the red. Sensex closed 51.88 points lower at 38,365.35 whereas Nifty ended 37.70 points lower at 11,317.35.
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