Daily Sugar Market Update By Vizzie – 23/06/2020

ChiniMandi, Mumbai: Tuesday 23rd June 2020
Domestic Market: The market was steady.
Maharashtra: S/30 Sugar rates from millers are ₹3150 to ₹3200/Qntl whereas ₹3210 to 3250
South Karnataka: The rates for S/30 are ₹3425/Qntl whereas for M/30 are at ₹3475/Qntl
Uttar Pradesh: The rates for M/30 are ₹3350 to ₹3440/Qntl.
Gujarat: The rates for New S/30 are ₹3281 to 3301 whereas M/30 are at ₹3291 to 3331/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3390 to Rs.3550 whereas, M/30 rates are ₹3460 to 3525.
(All the above rates are excluding GST)

International Market: According to reports, on Monday sugar prices on traded with moderate losses the entire day and London sugar fell to a 3-week low.
London White Sugar front month contract is trading at $361.50/tn whereas US Sugar front month contract is trading at 11.81lb at the time of writing this update.

Currency, Commodity & Indian Indices:The rupee traded against the US dollar at 75.487 whereas USD traded with BRL at 5.1715, Crude futures traded at Rs.3122, Crude WTI traded at $41.19. Indices ended in the green, sensex closed 519.11 points higher at 35,430.43. Similarly, Nifty ended 159.80 points higher at 10,471.

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