ChiniMandi, Mumbai Monday, 18th November 2019
Domestic: The week began witnessing scanty demand and prices witnessing bearish trend nationwide.
Maharashtra: S/30 Sugar trades are taking place at Rs. 3050 to Rs.3100 Qntl whereas M/30 trades are taking place at Rs. 3190 to Rs.3250.
South Karnataka:S/30 trades are taking place from 3180 to 3200 & M-30, 3200 to 3250.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to 3400.
Gujarat: S/30 Sugar is trading at Rs.3140 to Rs.3160 and M/30 Rs.3230 to 3290.
Kolkata: The trades for S/30 are taking place at Rs.3570 to 3580.
Tamil Nadu: S/30 Sugar is trading at Rs.3225 to Rs.3350 whereas M/30 is trading at Rs.3300 to 3325.
*All the domestic rates except Kolkata are excluding GST.
International Market: There is a good demand for ready delivery white sugar of season
2018/19. The prices are at Rs.20500 to Rs.20700 Ex. factory basis. The FOB indication for Indian White Sugar is at $330-332. London White Sugar front month contract is trading at $335.50/tn whereas US Sugar front month contract is trading at 12.71/lb at the time of writing this update. Mar NY world sugar #11 (SBH20) on Friday closed down -0.08 (-0.62%) and Dec London white sugar #5 (SWZ19) closed down -8.70 (-2.63%). The outlook for increased export selling from Brazil’s sugar producers is weighing on sugar prices after the Brazilian real slumped to a 14-month low against the dollar on Thursday.
Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 71.795 meanwhile USD traded with BRL at 4.1736, Crude Futures trades at Rs.4133, Crude WTI traded at $57.69. Indian markets edged lower today, with Sensex ending moderately lower. Sensex closed 72.50 points lower at 40,284.19 whereas Nifty 50 closed 10.95 points
lower at 11,884.50.
To Listen to this News click on the play button.