ChiniMandi, Mumbai – Tuesday 10th September, 2019
Indian: The sugar market was down by 10 to Rs.15 Rs and poor demand was witnessed nationwide.
Maharashtra: S/30 Sugar trades are taking place at Rs.3150 to Rs.3230/Qntl whereas M/30 trades are taking place at Rs.3290 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3385 to 3435.
Gujarat: S/30 Sugar is trading at Rs.3215 to Rs.3280 and M/30 Rs.3330 to 3380.
Kolkata: The trades for M/30 are taking place at Rs.3560 to Rs.3630.
Tamil Nadu: S/30 Sugar is trading at Rs.3375 to Rs.3525 whereas M/30 is trading at Rs.3450 to Rs.3525.
*All domestic rates are excluding GST
International Sugar Market: Whites contract is the centre of action now with delivery round the corner. Raws remain steady and still range bound. London White Sugar price front month contract is trading at $304.90. whereas US Sugar price front month contract is trading at $11.03. The world market continues to wait for the fineprints of the newly announced MAEQ sugar export scheme and currently there are no offers in the market. Marketmen expect the trade for export from India of white sugar to begin as soon as policy is announced.
Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.900 meanwhile USD traded with BRL at 4.0945, Crude WTI traded at $58.20. BSE, NSE, commodity & forex markets remained shut for trade today on account of Muharram.
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