Daily Sugar Market Update By Vizzie – 18/06/2020

ChiniMandi, Mumbai: Thursday 18th June 2020
Domestic Market: The market was steady nationwide.
Maharashtra: S/30 Sugar rates from millers are Rs.3170 to 3240 per Qntl whereas M/30 rates from millers are 3200 to 3260. In resale, S/30 Sugar was Rs.3140 to 3180.
South Karnataka: The rates for S/30 are Rs.3500 to 3510 whereas for M/30 are 3500 to 3550.
Uttar Pradesh: The rates for M/30 are Rs.3425 to 3445.
Gujarat: The rates for New S/30 are Rs.3191 to 3211 whereas M/30 are at Rs.3281 to 3291/Qntl.
Tamil Nadu: S/30 Sugar rates are Rs.3430 to Rs.3550 whereas, M/30 rates are Rs.3500 to 3550.

International Market:
According to reports, on Wednesday sugar prices closed lower due to weakness in crude price and a slump in the Brazilian real. London White Sugar front month contract is trading at $381.40/tn whereas US Sugar front month contract is trading at 12.02/lb at the time of writing this update.

Currency, Commodity & Indian Indices:The rupee traded against the US dollar at 76.301 whereas USD traded with BRL at 5.3123, Crude futures traded at Rs.2901,Crude WTI traded at $38.03. Indices ended in the green, sensex closed 700.13 points higher at 34,208.05. Similarly, Nifty ended 210.50 points higher at 10,091.65.

 To Listen to this News click on the play button.

LEAVE A REPLY

Please enter your comment!
Please enter your name here