Daily Sugar Market Update By Vizzie -11/02/2020

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ChiniMandi, Mumbai: Tuesday 11th February 2020

Domestic: The market was steady.
Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3140/Qntl.
South Karnataka: S/30 trades are taking place at Rs.3225 to Rs. 3250 whereas M/30 trades are taking place at Rs.3250 to 3300.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to Rs.3350.
Gujarat: S/30 Sugar is trading at Rs.3175 whereas M/30 Sugar is trading at Rs.3270 to Rs.3300.
Kolkata: The trades for S/30 are taking place at Rs.3560 to Rs.3580 whereas M/30 trades are taking place at Rs.3600 to Rs.3610.
Tamil Nadu: S/30 Sugar is trading at Rs. 3275 to Rs.3440 whereas M/30 is trading at Rs.3340 to 3400.
*All the domestic rates except Kolkata are excluding GST

International Market: No major movement was witnessed in the market. White sugar of season 2018/19 icumsa 150 ready delivery is trading at Rs.23700 to Rs. 23800 on ex factory basis. Demand for white sugar of season 2019/20 icumsa below 100 is at Rs.24100 to Rs.24300 ex. factory basis. The FOB indication for white sugar icumsa 150 season 2018/19 is $372 to $374. For white sugar icumsa 100 Season 2019/20 the FOB indication is $380 to $382.

London White Sugar front month contract is trading at $431.30/tn whereas US Sugar front month contract is trading at 15.08/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 71.3292 meanwhile USD traded with BRL at 4.3246 Crude Futures traded at Rs.3590, Crude WTI traded at $50.30. Indian indices ended in the green today, sensex ended 236.52 points higher at 41,216.14 whereas Nifty ended 76.40 points lower at 12,107.90.

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