Daily Sugar Market Update By Vizzie – 16/01/2020

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Domestic: The market witnessed a moderate demand.

Maharashtra: S/30 Sugar trades are taking place at Rs. 3160 to Rs.3180/Qntl.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3305 to Rs.3405.
Kolkata: The trades for S/30 are taking place at Rs.3495 to Rs.3550 whereas M/30 trades are taking place at Rs.3620 to Rs.3650.

International Market: Good demand was witnessed. In Maharashtra, the sugar trade took place at Rs. 24,00 per quintal.
White sugar of season 2018/19 icumsa 150 ready delivery is traded at Rs.22700 to Rs. 23000 on ex factory basis. Demand for white sugar of season 2019/20 icumsa below 100 is at Rs.23000 to Rs.23200 ex. factory basis.

The FOB indication for raw sugar is at $352 to $354. For white sugar icumsa 150 season 2018/19 the FOB indication stands at $359 to 362. For white sugar icumsa 100 Season 2019/20 the FOB indication is $364 to 366.

London White Sugar front month contract is trading at $396.10/tn whereas US Sugar front month contract is trading at 14.46/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 70.932, meanwhile USD traded with BRL at 4.1650, Crude Futures traded at Rs 4096, Crude WTI traded at $57.84. Indian Indices ended in the red. Sensex ended 59.83 points higher at 41,932.56 and Nifty50 settled 12.20 points up at 12,355.50.

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