Daily Sugar Market Update By ‘Vizzie’ – 27/06/2019

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ChiniMandi, Mumbai –Thursday 27th June 2019

Indian: Quietness was witnessed in the market nationwide for the fourth 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.3150 to 3240. 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 market was flat. London White Sugar is trading at $321.80 whereas US Sugar is trading at $12.08.
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 & Indices: The rupee was trading against the US dollar at 69.076 meanwhile USD traded with BRL at 3.844, Crude Futures traded at ₹4072, Crude WTI is trading at $58.78.

Indian Indices ended down 5.67 points at 39,586.41, while Nifty was down 3.40 points at 11,844.10.

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