Daily Sugar Market Update By Vizzie – 26/05/2020

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ChiniMandi, Mumbai: Tuesday 26th May 2020
Domestic Market: With the ongoing lockdown, sugar millers have been striving hard to sell the allocated quota of May 2020, the market has been witnessing scanty demand nationwide. Millers are hopeful that the demand will pick in the coming days.

Maharashtra: S/30 Sugar rates are Rs.3080 to Rs.3125/Qntl.
South Karnataka: S/30 rates are Rs.3220 to Rs.3250 whereas M/30 rates are Rs.3300.
Uttar Pradesh: The rates for M/30 rates are Rs.3130 to Rs.3150/Qntl.
Gujarat: The rates for New S/30 are Rs.3140 to 3150 whereas M/30 are at 3180 to 3190/Qntl.
Tamil Nadu: S/30 Sugar rates are Rs.3270 to Rs.3350 whereas M/30 rates are Rs.3350 to 3375.

International Market: London White Sugar front month contract is trading at $375.40/tn whereas US Sugar front month contract is trading at 11.15/lb at the time of writing this update.

Currency, Commodity & Indian Indices:The rupee traded against the US dollar at 75.553 whereas USD traded with BRL at 5.3785, Crude futures traded at Rs.2576 Crude WTI traded at $33.99. Indices ended in the red, sensex closed 63.29 points lower at 30,609.30. Similarly, Nifty ended 10.20 points lower at 9,029.05.

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