Daily Sugar Market Update By Vizzie – 10/06/2020

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ChiniMandi, Mumbai: Wednesday 10th June 2020
Domestic Market: There was moderate demand witnessed nationwide.
Maharashtra: S/30 Sugar rates from millers are Rs.3110 to 3180 Qntl whereas M/30 rates from millers are 3140 to 3200. In resale, S/30 Sugar was Rs.3080 to 3180.
South Karnataka: S/30 rates are Rs.3230 to Rs.3275 whereas M/30 rates are Rs.3325.
Uttar Pradesh: The rates for M/30 rates are Rs.3190 to Rs.3265/Qntl.
Gujarat: The rates for New S/30 are Rs.3181 to 3191 whereas M/30 are at Rs.3210 to 3230/Qntl.
Tamil Nadu: S/30 Sugar rates are Rs.3275 to Rs.3350 whereas M/30 rates are Rs.3325 to 3400.

International Market:
According to reports, on Tuesday sugar prices trailed crude prices all day.
London White Sugar front month contract is trading at $391.80/tn whereas US Sugar front month contract is trading at 12.03/lb at the time of writing this update.

Currency, Commodity & Indian Indices:The rupee traded against the US dollar at 75.546 whereas USD traded with BRL at 4.8710, Crude futures traded at Rs.2896, Crude WTI traded at $38.27. Indices ended in the green, sensex closed 290.36 points higher at 34,247.05. Similarly, Nifty ended 69.50 points higher at 10,116.15

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