Daily Sugar Market Update By Vizzie – 26/06/2020

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ChiniMandi, Mumbai: Friday 26th June 2020
Domestic Market: The market was steady nationwide.
Maharashtra: S/30 Sugar rates from millers are ₹3170 to ₹3190/Qntl whereas ₹3220 to 3270
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 ₹3330 to ₹3440/Qntl.
Gujarat: The rates for New S/30 are ₹3251 to 3271 whereas M/30 are at ₹3261 to 3301/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3350 to Rs.3475 whereas, M/30 rates are ₹3420 to 3525.
(All the above rates are excluding GST)

International Market: According to reports, on Thursday sugar prices settled with London sugar at a 4-week low. The Brazilian real fell -0.17% against the dollar to a 4-session low.
London White Sugar front month contract is trading at $348.90/tn, whereas US Sugar front month contract is trading at 11.71/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 75.569 whereas USD traded with BRL at 5.3608, Crude futures traded at Rs.2955, Crude WTI traded at $39.02. Indices ended in the green, sensex closed 329.17 points higher at 35,171.27. Similarly, Nifty ended 94.10 points higher at 10,383.

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