ChiniMandi, Mumbai: Friday 21st August 2020
Domestic Market:The market witnessed scanty demand nationwide.
In Maharashtra: S/30 Sugar rates from millers are тВ╣3140 to тВ╣3170/Qntl whereas M/30 тВ╣3240 to 3270
South Karnataka: S/30 Sugar rates are тВ╣3350 to 3425 whereas, M/30 rates are тВ╣3420 to 3450.
Uttar Pradesh: The rates for M/30 are тВ╣3310 to 3345/Qntl.
Gujarat: The rates for New S/30 are тВ╣3251 to 3255 whereas M/30 are at тВ╣3281 to 3291/Qntl.
Tamil Nadu: S/30 Sugar rates are тВ╣3375 to 3475 whereas, M/30 rates are тВ╣3450 to 3525.
(All the above rates are excluding GST)
International Market: According to reports, on Thursday sugar prices closed sharply lower on a bearish Conab report, lower oil prices, and a sharp -1% sell-off in the Brazilian real. White sugar of the season 2019/20 icumsa 100 ready delivery is trading at тВ╣24600 to тВ╣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 $374.90/tn, whereas New York Sugar front month contract is trading at 12.99/lb at the time of writing this update.
Currency, Commodity & Indian Indices:The rupee traded against the US dollar at 74.905 whereas USD is trading with BRL at 5.5856, Crude futures traded at Rs.3,172, Crude WTI traded at $42.24. Indian Indices ended in the green. Sensex closed 214.33 points higher at 38,434.72 whereas Nifty ended 59.40 points higher at 11,371.60
To Listen to this News click on the play button.
