Daily Sugar Market Update By Vizzie – 18/07/2020


ChiniMandi, Mumbai: Saturday 18th July 2020
Domestic Market: The market witnessed good demand.
Maharashtra: S/30 Sugar rates from millers are ₹3230 to ₹3250/Qntl whereas M/30 ₹3310 to 3350
South Karnataka: The rates for S/30 are ₹3370 to 3410 and M/30 are ₹3460
Uttar Pradesh: The rates for M/30 are ₹3360/Qntl.
Gujarat: The rates for New S/30 are ₹3321 whereas M/30 are at ₹3351/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3400 to 3475 whereas, M/30 rates are ₹3450 to 3500
(All the above rates are excluding GST)

International Market:
According to reports, on Friday sugar prices settled mixed with London sugar at a 1-week high. London sugar gained on concern that the surging Covid pandemic in India may disrupt its harvest and sugar exports after the number of cases rose above 1 million, the third-most in the world behind the U.S. and Brazil. NY sugar gave up its gains Friday and turned lower on weakness in the Brazilian real that fell -0.84% against the dollar. The weaker real encourages export selling by Brazil’s sugar producers. Sugar prices have recently seen downward pressure from weak demand.

Currency, Commodity & Indian Indices:
According to reports, Indian indices ended with strength led by energy and financial stocks.

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