Daily Sugar Market Update By Vizzie -12/02/2020

ChiniMandi, Mumbai: Wednesday 12th February 2020

Domestic: The market was steady.
Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3150/Qntl.
South Karnataka: S/30 trades are taking place at Rs.3240 to Rs. 3250 whereas M/30 trades are taking place at Rs.3260 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.3350 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.

According to sources, sugar prices rallied sharply Tuesday and posted 2-1/2 year highs on concern about future global supplies

London White Sugar front month contract is trading at $447.50/tn whereas US Sugar front month contract is trading at 15.47/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 71.335 meanwhile USD traded with BRL at 4.3321, Crude Futures traded at Rs.3625, Crude WTI traded at $50.77. Indian Indices ended in the green today. Sensex ended today 349.76 points higher at 41,565.90. Similarly, Nifty ended 93.30 points higher at 12,201.20.

 To Listen to this News click on the play button.

 

LEAVE A REPLY

Please enter your comment!
Please enter your name here