ChiniMandi, Mumbai – Thursday 10th October 2019
Domestic: The market continued to witness low demand.
Maharashtra: S/30 Sugar trades are taking place at Rs.3110 to Rs.3180/Qntl whereas M/30 trades took place at Rs.3250to Rs.3360.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3410 to 3560.
Gujarat: S/30 Sugar is trading at Rs.3200 to Rs.3250 and M/30 Rs.3300 to 3350
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3840.
Tamil Nadu: S/30 Sugar is trading at Rs.3340 to Rs.3460 whereas M/30 is trading at Rs.3410 to 3430.
*All the domestic rates except Kolkata are excluding GST
International Market: There was good demand for white sugar crop 2018/19 ICUMSA below 150 for ready shipments at Rs.20500 to Rs.20700 Ex. factory basis. The FOB indication for Indian White Sugar is at $330-332. London White Sugar front month contract is trading at $345.00/tn whereas US Sugar front month contract is trading at 12.46 cnts/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 71.032 meanwhile USD traded with BRL at 4.0939, Crude Futures traded at Rs.3773, Crude WTI traded at $53.05. Indian indices ticked lower today tracking losses in Asian peers. Sensex closed 297.55 points lower at 37880.40 whereas Nifty closed 78.75 points lower at 11,234.55.
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