Daily Sugar Market Update By ‘Vizzie’ – 26/07/2019

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ChiniMandi, Mumbai – Friday 26th July 2019
Indian: The week ended with the market witnessing a mixed trend. In Maharashtra ,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 market was stable. London White Sugar is trading at $319.70 whereas US Sugar is trading at $11.97. 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 68.925 meanwhile USD traded with BRL at 3.7785, Crude Futures traded at ₹3898, Crude WTI is traded at $56.50. Domestic indices ended today’s lackluster trade with marginal gains. The Sensex ended 52 points higher at 37,883 levels on the other hand, Nifty50 settled at 11,284 mark, up 32 points.

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