Daily Sugar Market Update By Vizzie – 16/07/2020

267

ChiniMandi, Mumbai: Thursday 16th July 2020
Domestic Market: With the rumours of a hike in Minimum Selling Price of sugar the market witnessed quite good demand nationwide.
Maharashtra: S/30 Sugar rates from millers are ₹3230 to ₹3250/Qntl whereas M/30 ₹3310 to 3350
South Karnataka: The rates for S/30 are ₹3370 to 3410 and M/30 are ₹3460
Uttar Pradesh: The rates for M/30 are ₹3350/Qntl.
Gujarat: The rates for New S/30 are ₹3331 whereas M/30 are at ₹3361/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3400 to 3475 whereas, M/30 rates are ₹3450 to 3500
(All the above rates are excluding GST)

International Market:
According to reports on Wednesday sugar prices moved higher throughout the day as a rally in crude oil sparked short-covering in sugar futures.
London White Sugar front month contract is trading at $350.20/tn, whereas US Sugar front month contract is trading at 11.83/lb at the time of writing this update.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 75.211 whereas USD traded with BRL at 5.3685, Crude futures traded at Rs.3057, Crude WTI traded at $40.66. Indices ended in the green, sensex closed 419.87 points higher at 36,471.68. Similarly, Nifty ended 121.75 points higher at 10,739.95.

 To Listen to this News click on the play button.

LEAVE A REPLY

Please enter your comment!
Please enter your name here