Daily Sugar Market Update By Vizzie – 20/08/2020


ChiniMandi, Mumbai: Thursday 20th August 2020
Domestic Market: The market witnessed scanty demand nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3140 to ₹3170/Qntl whereas M/30 ₹3240 to 3270
South Karnataka: S/30 Sugar rates are ₹3360 to 3425 whereas, M/30 rates are ₹3450.
Uttar Pradesh: The rates for M/30 are ₹3304 to 3340/Qntl.
Gujarat: The rates for New S/30 are ₹3251 to 3255 whereas M/30 are at ₹3281 to 3291/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3375 to 3475 whereas, M/30 rates are ₹3450 to 3525.
(All the above rates are excluding GST)

International Market: According to reports, on Wednesday New York sugar prices rallied sharply and came close to challenging last Friday’s 5-1/2 month high. Sugar prices continued to see a general strength from strong sugar import demand from China and concerns that drought conditions will reduce Thailand’s sugar crop despite some recent rain.

White sugar of the season 2019/20 icumsa 100 ready delivery is trading at ₹24600 to ₹24800 on ex factory basis. The FOB indication For white sugar icumsa 100 Season 2019/20 is $371 to $373. London White Sugar front month contract is trading at $381.50/tn, whereas New York Sugar front month contract is trading at 13.21/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 75.101 whereas USD is trading with BRL at 5.6173, Crude futures traded at Rs.3,207, Crude WTI traded at $42.61. Indian Indices ended in the end. Sensex closed 394.40 points lower at 38,220.39 whereas Nifty ended 96.20 points lower at 11,312.30


To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here