ChiniMandi, Mumbai: Monday 26th October 2020
Domestic Market: The market held a mixed trend nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3125 to ₹3150/Qntl whereas M/30 ₹3240 to 3270
South Karnataka: S/30 Sugar rates are ₹3150 to 3225 whereas, M/30 rates are
Uttar Pradesh: The rates for M/30 are ₹3250 to 3260/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 3325 to 3400.
(All the above rates are excluding GST)
International Market: According to reports on a Friday, weakness in the Brazilian real prompted long liquidation moving sugar prices to end low. New York sugar closed +0.25 at 14.43/lb whereas London sugar closed +7.80 up at $396.
London White Sugar front month contract is trading at $393.10/tn, whereas New York Sugar front month contract is trading at 14.56/lb at the time of writing this update.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.041 whereas USD was trading with BRL at 5.6315 Crude futures traded at Rs.2896, Crude WTI traded at $39.05 a barrel. Indian Indices ended in the red. Sensex closed 540 points lower at 40,865.50 whereas Nifty ended 162.60 points lower at 11,767.75
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