Daily Sugar Market Update By ‘Vizzie’ – 19/08/2019


ChiniMandi, Mumbai – Monday 19th August 2019

Indian: The sugar market was stable. In Maharashtra sugar Mills are opening their rates at Rs.3110 to Rs.3160/Qntl, whereas in Resell, prices are Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3240 to 3370. In Tamil Nadu, Mill trades are taking place at Rs.3400 to Rs.3450 excluding GST.

International: The sugar market was stable. London White Sugar price is trading at $312.20 whereas US Sugar price is trading at $11.54. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.408 meanwhile USD traded with BRL at 3.9986, Crude Futures traded at ₹3931, Crude WTI traded at $55.09. Indian stock market close today higher but significantly off day’s highs. The Sensex finished just 52 points higher at 37,402. The broader Nifty finished just 6 points higher at 11,053.

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