Daily Sugar Market Update By ‘Vizzie’ – 18/04/2019

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ChiniMandi, Mumbai – Thursday 18th April 2019

• Domestic: The market witnessed a slight uptrend nationwide. In Maharashtra, Mills are opening their rates at Rs.3100 to Rs.3110/Qntl, whereas in Resell, the rates are Rs.3000 to 3030. In Uttar Pradesh, Mill sales are taking place at Rs.3150 to 3200. In resale, the market rates are Rs.3140 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 $336.80 whereas US Sugar is trading at $12.57.

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 69.45 meanwhile USD traded with BRL at 3.905, Crude Futures traded at ₹4457, WTI $64.19

• Indices: Equity benchmark Sensex retreated from its lifetime high as investors booked profits at higher levels amid weak global cues. The 30-share index turned negative to settle 135.36 points lower at 39,140.28. The broader NSE Nifty slipped 34.35 points, to 11,752.80.

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