Daily Sugar Market Update By ‘Vizzie’ – 25/07/2019

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ChiniMandi, Mumbai – Thursday 25th July 2019

Indian: The sugar market witnessed a mixed trend. In Maharashtra sugar mills are opening their rates at Rs.3110 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3050 to 3090. In Uttar Pradesh, Mill sales are taking place at Rs.3190 to 3320. In resale, the rates are Rs.3220 to 3345. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3220 to Rs.3225 excluding GST.

International: The sugar market was stable. London White Sugar price is trading at $321.90 whereas US Sugar price is trading at $12.08. The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.981 meanwhile USD traded with BRL at 3.7591, Crude Futures traded at ₹3917, Crude WTI is traded at $56.73. Sensex closed today 17 points lower at 37,831 and Nifty declined 19 points to close at 11,252.

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