ChiniMandi, Mumbai – Tuesday 22nd October 2019
Domestic: The market witnessed good demand. Marketmen are hopeful that the demand would remain good with the festive days of Diwali in the upcoming days.
Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3170/Qntl whereas M/30 trades took place at Rs.3220 to Rs.3300.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to 3420.
Gujarat: S/30 Sugar is trading at Rs.3180 to Rs.3230 and M/30 Rs.3280 to 3330.
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3830.
Tamil Nadu: S/30 Sugar is trading at Rs.3320 to Rs.3400 whereas M/30 is trading at Rs.3400.
*All the domestic rates except Kolkata are excluding GST.
International Market: There was good demand for white sugar crop 2018/19 ICUMSA below 150 for ready shipments at Rs.20600 to Rs.20800 Ex. factory basis. The FOB indication for Indian White Sugar is at $330-332. London White Sugar front month contract is trading at $336.90/tn whereas US Sugar front month contract is trading at 12.24/lb at the time of writing this update. Raw sugar traded in Maharashtra for exports at Rs.19750 on Ex. factory basis with FOB indication at $316-$318.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 70.995 meanwhile USD traded with BRL at 4.1284, Crude Futures traded at Rs.3829, Crude WTI traded at $53.78. Domestic stock markets registered sharp losses amid volatile trade on Tuesday. Sensex closed 334.54 points lower at 38,963.84 whereas Nifty closed 73.50 points lower at 11,588.35.
To Listen to this News click on the play button.