ChiniMandi, Mumbai: Saturday 27th June 2020
Domestic Market: The market was steady nationwide, overall fresh – buying was not witnessed much.
Maharashtra: S/30 Sugar rates from millers are โน3170 to โน3190/Qntl whereas โน3220 to 3270
South Karnataka: The rates for S/30 are โน3425/Qntl whereas for M/30 are at โน3475/Qntl
Uttar Pradesh: The rates for M/30 are โน3320 to โน3335/Qntl.
Gujarat: The rates for New S/30 are โน3231 to 3241 whereas M/30 are at โน3241 to 3281/Qntl.
Tamil Nadu: S/30 Sugar rates are โน3350 to Rs.3475 whereas, M/30 rates are โน3420 to 3525.
(All the above rates are excluding GST)
International Market:
According to reports, on Friday sugar prices posted moderate losses with NY sugar at a 3-week low closing at $351.20/tn and London sugar at a 5-week low closing at 11.55/lb. Another bearish factor for sugar was the weakness in the Brazilian real, which fell -1.08% to a 1-month low against the dollar on Friday.
Currency, Commodity & Indian Indices: On Friday, amid volatility Indian indices Sensex and Nifty ended in the green yesterday with Sensex closing 329.17 points higher at 35,171.27 whereas Nifty ended 94.10 points higher at 10,383. According to experts, the market may continue to be dictated by global cues. Indian Rupee closed flat at 75.64 against the dollar though buying was witnessed in the domestic equity market.
ย To Listen to this News click on the play button.
