Daily Sugar Market Update By Vizzie – 18/05/2020

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ChiniMandi, Mumbai: Monday 18th May 2020
Domestic: Market: The market witnessed steadiness in the market nationwide.
Maharashtra: S/30 Sugar rates are Rs.3090 to Rs.3110/Qntl.
South Karnataka: S/30 rates are Rs.3200 to Rs.3250 whereas M/30 rates are Rs.3300.
Uttar Pradesh: The rates for M/30 rates are Rs.3120 to Rs.3150/Qntl.
Gujarat: The rates for New S/30 are Rs.3130 to 3140 whereas M/30 are at 3330 to 3375/Qntl.
Tamil Nadu: S/30 Sugar rates are Rs.3265 to Rs.3380 whereas M/30 rates are Rs.3350 to 3375.

International Market:
London White Sugar front month contract is trading at $363.80/tn whereas US Sugar front month contract is trading at 10.75/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 75.766 whereas USD traded with BRL at 5.7514, Crude futures traded at Rs.2471 Crude WTI traded at $32.25. Indices ended in the red, sensex closed 1068.75 points lower at 30,028.98. Similarly, Nifty ended 313.60 points lower at 8,283.25.

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