Daily Sugar Market Update By Vizzie – 20/10/2020

ChiniMandi, Mumbai: Tuesday, 20th October 2020
Domestic Market: The market held a mixed trend nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3140/Qntl whereas M/30 ₹3240 to 3270
South Karnataka: S/30 Sugar rates are ₹3175 to 3225 whereas, M/30 rates are ₹3255 to ₹3275.
Uttar Pradesh: The rates for M/30 are ₹3250 to 3260/Qntl.
Gujarat: The rates for M/30 are at ₹3181 to 3221/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3275 to 3350 whereas, M/30 rates are 3350 to 3400.
(All the above rates are excluding GST)

International Market:
According to reports on Monday, sugar prices rallied to a 7-3/4 month nearest-futures highs.

London White Sugar front month contract is trading at $400.60/tn, whereas New York Sugar front month contract is trading at 14.66/lb at the time of writing this update.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 73.450 whereas USD was trading with BRL at 5.5726 Crude futures traded at Rs.3003, Crude WTI traded at $40.80 a barrel. Indian Indices ended in the green. Sensex closed 112.77 points higher at 40,544.37 whereas Nifty ended 23.75 points higher at 11,896.80.

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