Daily Sugar Market Update By ‘Vizzie’ – 21/06/2019


To Listen to this News click on the button below the image

ChiniMandi, Mumbai – Friday 21st June 2019

Indian: The week came to an end with a bearish trend nationwide. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3250 to 3320. In resale, the rates are Rs.3250 to 3290. In Gujarat, S/30 is trading at Rs.3140 to 3200. In Tamil Nadu, Mill trades are taking place at Rs.3235 to Rs.3350 excluding GST.

International: No major movement was witnessed. London White Sugar price is trading at $328.30 whereas US Sugar price is trading at $12.39.

The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.

The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.623 meanwhile USD traded with BRL at 3.827, Crude Futures traded at ₹4008, Crude WTI is trading at $57.31.

Indices: The Indian indices wiped out most of its previous session gains and ended on a weak note while Nifty finished below 11,750 level. Sensex close down 407.14 points at 39,194.49 and Nifty was down 107.70 points at 11,724.10.



Please enter your comment!
Please enter your name here