ChiniMandi, Mumbai: Thursday 22nd October 2020
Domestic Market: The market held a mixed trend nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3125 to ₹3150/Qntl whereas M/30 ₹3240 to 3270.
South Karnataka: S/30 Sugar rates are ₹3150 to 3225 whereas, M/30 rates are ₹3275.
Uttar Pradesh: The rates for M/30 are ₹3250 to 3260/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3250 to 3350 whereas, M/30 rates are 3325 to 3400.
(All the above rates are excluding GST)
According to reports on Wednesday, sugar prices posted moderate losses after being weighed down by a slump in crude prices which fell by more than -4%.
London White Sugar front month contract is trading at $400.80/tn, whereas New York Sugar front month contract is trading at 14.68/lb at the time of writing this update.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 73.690 whereas USD was trading with BRL at 5.6092 Crude futures traded at Rs.2978, Crude WTI traded at $40.34 a barrel. Indian Indices ended in the red. Sensex closed 148.82 points lower at 40,558.49 whereas Nifty ended 41.20 points higher at 11,896.45.
To Listen to this News click on the play button.