Daily Sugar Market Update By Vizzie -15/02/2020

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ChiniMandi, Mumbai: Saturday 15th February 2020

The domestic 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.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.3540 to Rs.3560 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.3325 to 3400.
*All the domestic rates except Kolkata are excluding GST

In the International market, according to sources, sugar prices fell back for a second day Friday on long liquidation pressure from commodity funds. Sugar futures have rallied sharply over the past month to a 2-3/4 year high on Wednesday as concern about future global supplies.

 

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