Daily Sugar Market Update By Vizzie – 11/05/2020

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ChiniMandi, Mumbai: Monday 11th May 2020
Domestic Market: The market has been steady nationwide.
Maharashtra: S/30 Sugar rates are Rs.3080 to Rs.3100/Qntl.
South Karnataka: S/30 rates are Rs.3225 to Rs.3250 whereas M/30 rates are Rs.3300.
Uttar Pradesh: The rates for M/30 rates are Rs.3100 to Rs.3125/Qntl.
Gujarat: The rates for New S/30 are Rs.3130 to 3140 whereas M/30 are at 3330 to 3375/Qntl.
Tamil Nadu: S/30 Sugar rates are Rs.3265 to Rs.3380 whereas M/30 rates are Rs.3330 to 3375.

International Market: London White Sugar front month contract is trading at $347.00/tn whereas US Sugar front month contract is trading at 10.36/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 75.834 whereas USD traded with BRL at 5.7871, Crude futures traded at Rs.1896, Crude WTI traded at $24.86. Indices ended in the red, sensex closed 81.48 points lower at 31,561.22. Similarly, Nifty ended 12.30 points lower at 9,239.20.

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