Daily Sugar Market Update By Vizzie – 27/07/2020

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ChiniMandi, Mumbai: Monday 27th July 2020
Domestic Market: The market remained stable.
Maharashtra: S/30 Sugar rates from millers are ₹3200 to ₹3230/Qntl whereas M/30 ₹3270 to 3340
South Karnataka: The rates for S/30 are ₹3350 to 3400 and M/30 are ₹3450
Uttar Pradesh: The rates for M/30 are ₹3290 to 3355/Qntl.
Gujarat: The rates for New S/30 are ₹3311 whereas M/30 are at ₹3311 to 3321/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3400 to 3475 whereas, M/30 rates are ₹3450 to 3475
(All the above rates are excluding GST)

International Market:
According to reports, on Friday sugar prices declined with New York sugar at a 1-week low owing to ramped up sugar production in Brazil and weak ethanol demand.

London White Sugar front month contract is trading at $359.20/tn, whereas US Sugar front month contract is trading at 11.84/lb at the time of writing this update.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.764 whereas USD traded with BRL at 5.2320, Crude futures traded at Rs.3108, Crude WTI traded at $41.45. Indices ended in the red, sensex closed 194.17 points lower at 37,934.73. Similarly, Nifty ended 62.35 points lower at 11,131.80.

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