Daily Sugar Market Update By Vizzie – 11/06/2020

ChiniMandi, Mumbai: Thursday 11th June 2020

Domestic Market: There was good demand witnessed nationwide.
Maharashtra: S/30 Sugar rates from millers are Rs.3110 to 3180 per Qntl, whereas M/30 rates from millers are 3140 to 3200. In resale, S/30 Sugar was Rs. 3085 to 3180.
South Karnataka: S/30 rates are Rs.3230 to Rs.3275 whereas M/30 rates are Rs. 3300 to 3325.
Uttar Pradesh: Market was up by 20 to 40 Rs. The rates for M/30 are Rs. 3250 to 3290 per 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 Wednesday sugar prices moved higher with London sugar at a 3-1/2 month high and NY sugar just below Monday’s 3-month high.

London White Sugar front month contract is trading at $389.60/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 75.783 whereas USD traded with BRL at 4.9763, Crude futures traded at Rs.2876, Crude WTI traded at $37.95. Indices ended in the red,  sensex closed 708.68 points lower  at 33,538.37. Similarly, Nifty ended 214.15 points lower at 9902.

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