Daily Sugar Market Update By Vizzie – 08/09/2020

198

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 ₹3170/Qntl whereas M/30 ₹3240 to 3260
South Karnataka: S/30 Sugar rates are ₹3320 to 3400 whereas, M/30 rates are ₹3350 to 3450.
Uttar Pradesh: The rates for M/30 are ₹3360 to 3400/Qntl.
Gujarat: The rates for New S/30 are ₹3231 to 3235 whereas M/30 are at ₹3251 to 3261/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3400 to 3450 whereas, M/30 rates are ₹3450 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.

To Listen to this News click on the play button.

LEAVE A REPLY

Please enter your comment!
Please enter your name here