Daily Sugar Market Update By Vizzie – 22/01/2020


ChiniMandi, Mumbai: Wednesday 22nd January 2020

Domestic: The market witnessed moderate demand nationwide.
Maharashtra: S/30 Sugar trades are taking place at Rs. 3160 to Rs.3180/Qntl.
South Karnataka: S/30 trades are taking place at Rs.3230 to Rs. 3265 whereas M/30 trades are taking place at Rs.3290 to Rs.3315.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3275 to Rs.3395.
Gujarat: S/30 Sugar is trading at Rs.3260 to Rs.3270 and M/30 at Rs.3340 to Rs.3360.
Kolkata: The trades for S/30 are taking place at Rs.3485 to Rs.3540 whereas M/30 trades are taking place at Rs.3610 to Rs.3640
Tamil Nadu: S/30 Sugar is trading at Rs. 3310 to Rs.3380 whereas M/30 is trading at Rs.3360
*All the domestic rates except Kolkata are excluding GST.

International Market: Good demand was witnessed. White sugar of season 2018/19 icumsa 150 ready delivery traded at Rs.23000 to Rs. 23200 on ex factory basis. Demand for white sugar of season 2019/20 icumsa below 100 is at Rs.23300 to Rs.23500 ex. factory basis. The FOB indication for white sugar icumsa 150 season 2018/19 is $365 to $367. For white sugar icumsa 100 Season 2019/20 the FOB indication is $368 to $370. London White Sugar front month contract is trading at $407.10/tn whereas US Sugar front month contract is trading at 14.75/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 71.130, meanwhile USD traded with BRL at 4.1905, Crude Futures traded at Rs. 4136, Crude WTI traded at $57.84. Sensex ended today at 208.43 points lower at 41115.38. Similarly, Nifty ended 62.95 points down at 12106.90.

 To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here