Daily Sugar Market Update By ‘Vizzie’ – 16/08/2019


ChiniMandi, Mumbai – Friday 16th August 2019

Indian: The market was stable. In Maharashtra, Mills are opening their rates at Rs.3110 to Rs.3160/Qntl, whereas in Resell, prices are Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3220 to 3340. In Tamil Nadu, Mill trades are taking place at Rs.3350 to Rs.3420 excluding GST.

International: The market was stable. London White Sugar is trading at $313.50 whereas US Sugar is trading at $11.64. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.155 meanwhile USD traded with BRL at 3.9939, Crude Futures traded at ₹3878, Crude WTI is traded at $54.45. The headline indices Sensex and Nifty recovered to close in the positive in the afternoon. Sensex closed 39 points up at 37,350.33, while the Nifty closed 18.40 points higher at 11,047.80.


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