Daily Sugar Market Update By ‘Vizzie’ – 17/04/2019

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ChiniMandi, Mumbai – Wednesday 17th April 2019

• Domestic: A mixed trend was witnessed nationwide. 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.3100 to 3240. In resale, the market rates are Rs.3150 to 3180. 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: London White Sugar is trading at $335.10 whereas US Sugar is trading at $12.48.
The FOB indication for raw sugar was at $308-$310 and Indian White Sugar at $318-$320.
The demand of Raw Sugar range was ₹19200-19400/mt and White Sugar ₹19800-₹20000/MT on Ex.factory basis.

• Currency & Commodity: The rupee was trading against the US dollar at 69.70 meanwhile USD traded with BRL at 3.905, Crude Futures traded at ₹4457, WTI $64.19

The stock markets were closed on occasion of Mahavir Jayanti.

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