Daily Sugar Market Update By ‘Vizzie’ – 15/04/2019


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ChiniMandi, Mumbai – Monday 15th April 2019

• Domestic: The week began with no major movement nationwide. With stocks and cane arrears piling up in Maharashtra, Mills are opening their rates at Rs.3100 to Rs.3110/Qntl, whereas in Resell, the rates are Rs.2990 to 3020. In Uttar Pradesh, Mill sales are taking place at Rs.3190 to 3230. In resale, the market rates are Rs.3135 to 3170. In Gujarat, S/30 is trading at Rs.3110 to 3120. In Tamil Nadu, Mill trades are taking place at Rs.3225 to Rs.3300 excluding GST.

• International: The week began stable. London White Sugar is trading at $331.20 whereas US Sugar is trading at $12.77.

The FOB indication for raw sugar was at $308-$310 and Indian White Sugar at $320-$322.
The demand of Raw Sugar range was ₹19300-19500/mt and White Sugar ₹19700-₹19900/MT on Ex.factory basis.

• Currency & Commodity: The rupee was trading against the US dollar at 69.53 meanwhile USD traded with BRL at 3.867, Crude Futures traded at ₹4397, WTI $63.40.

•Indices: Equity benchmark Sensex marked a third straight session of gains,with an encouraging start of the earnings season by IT major TCS boosted investors’ sentiment. After rising intra-day, the 30-share BSE index settled 138.73 points, higher at 38,905.84. The broader NSE Nifty rose 46.90 points, to close at 11,690.35.



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