Daily Sugar Market Update By ‘Vizzie’ – 09/07/2019


ChiniMandi, Mumbai – Tuesday 9th July 2019

Indian: There was no major movement. In Maharashtra,mills are opening their sugar rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3030 to 3075. In Uttar Pradesh, there was a good demand from Rajasthan & Madhya Pradesh, Mill sales are taking place at Rs.3170 to 3300. In resale, the rates are Rs.3185 to 3310. In Gujarat, S/30 is trading at Rs.3100 to 3130. In Tamil Nadu, Mill trades are taking place at Rs.3200 to Rs.3260 excluding GST.

The sugar market continued to be flat. London White Sugar price is trading at $319.00 whereas US Sugar price is trading at $12.34.
The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.555 meanwhile USD traded with BRL at 3.8029, Crude Futures traded at ₹3975, Crude WTI is traded at $57.94. Benchmark indices witnessed a volatile trade and ended the session on a flat note. The Sensex close today 10.25 points higher at 38,731 levels the broader Nifty50, too, settled 2.7 points lower at 11,556 levels.

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