Daily Sugar Market Update By ‘Vizzie’

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ChiniMandi, Mumbai – Monday 4th March 2019

•Domestic: The market did not witness any major movement today. In Maharashtra, Mill trades are taking place at ₹3100 whereas, in resell, S/30 is trading at ₹3000 to ₹3040. In Uttar Pradesh, Ex-mill trades are taking place from ₹3100 to ₹3140. In resell, M/30 sugar is trading at ₹3120 to ₹3140. In Gujarat, S/30 is trading at ₹3100 to 3120. In Chennai, S/30 is trading at ₹3460 to ₹3520 inclusive GST.

• International: No major movement was witnessed in the market. London White Sugar is trading at $345.20 whereas US Sugar is trading at $12.73.

The FOB indication for raw sugar was at $303-$305 and Indian White Sugar at $315-$318.
The demand of Raw Sugar range was ₹19300-19400/mt and White Sugar ₹19600-₹19800/MT on Ex.factory basis.

• Currency & Commodity: The rupee was trading against the US dollar at 70.88, meanwhile USD traded with BRL at 3.774, Crude Futures traded at ₹3989, WTI $56.14.
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