Daily Sugar Market Update By Vizzie – 25/11/2020


ChiniMandi, Mumbai: Wednesday 25th November 2020
Domestic Market: Good demand has been witnessed across sugar markets nationwide based on the rumours that Minimum Selling Price (MSP) of sugar is likely to be hiked this week.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl whereas M/30 ₹3250 to 3270
South Karnataka: S/30 Sugar rates are ₹3170 to 3210 whereas, M/30 rates are ₹3205 to 3260.
Uttar Pradesh: The rates for M/30 are ₹3300 to 3350/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 3300 to 3375.
(All the above rates are excluding GST)
International Market:
On Tuesday, sugar prices closed lower with moderate losses the entire day London sugar slipped to a 1-1/2 week low. The outlook for more sugar supplies from India weighed on sugar prices.
March New York world sugar #11 (SBH21) closed down -0.11 at 15.04. March London white sugar #5 (SWH21) closed down -2.90 at $408.60.

London White Sugar front month contract is trading at $407.70/tn, whereas New York Sugar front month contract is trading at 14.98/lb at the time of writing this update.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 73.931 whereas USD was trading with BRL at 5.3810 Crude futures traded at Rs.3350, Crude WTI traded at $45.22 a barrel. Indian Indices ended in the red, Sensex closed 694.42 points lower at 43,828.10 whereas Nifty ended 196.75 points higher at 12,858.40.


To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here