Daily Sugar Market Update By ‘Vizzie’ 26th June 2019

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ChiniMandi, Mumbai –Wednesday 26th June 2019

Indian: The sugar market witnessed quietness in the market nationwide for the third straight day. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3040 to 3070. In Uttar Pradesh, Mill sales are taking place at Rs.3220 to 3350. In resale, the rates are Rs.3160 to 3250. In Gujarat, S/30 is trading at Rs.3110 to 3170. In Tamil Nadu, Mill trades are taking place at Rs.3235 to Rs.3340 excluding GST.

International: The sugar market was flat. London White Sugar price is trading at $322.60 whereas US Sugar price is trading at $12.34.

The FOB indication for raw sugar price 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: The rupee was trading against the US dollar at 69.181 meanwhile USD traded with BRL at 3.837, Crude Futures traded at ₹4097, Crude WTI is trading at $58.98

Indian Indices ended higher with Sensex closing today 157.14 points up at 39,592.08, while Nifty closed up 51 points at 11,847.50.

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