ChiniMandi, Mumbai: Tuesday 21st July 2020
Domestic Market: The market was stable.
Maharashtra: S/30 Sugar rates from millers are โน3180 to โน3240/Qntl whereas M/30 โน3280 to โน3350.
South Karnataka: The rates for S/30 are โน3370 to โน3400 and M/30 are โน3450.
Uttar Pradesh: The rates for M/30 are โน3290 to 3350/Qntl.
Gujarat: The rates for New S/30 are โน3311 whereas M/30 are at โน3331 to 3341/Qntl.
Tamil Nadu: S/30 Sugar rates are โน3385 to โน3475 whereas, M/30 rates are โน3450 to โน3475.
(All the above rates are excluding GST)
International Market:
According to reports, on Monday demand concerns weighed on sugar prices. Sugar prices recovered most of their losses after crude oil rebounded from early losses and moved higher. London White Sugar front month contract is trading at $352.90/tn, whereas US Sugar front month contract is trading at 11.81/lb at the time of writing this update.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.605 whereas USD traded with BRL at 5.3291, Crude futures traded at Rs.3147, Crude WTI traded at $42.09. Indices ended in the green, sensex closed 511.34 points higher at 37930.33. Similarly, Nifty ended 140.05 points higher at 11.162.25
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