Daily Sugar Market Update by ‘Vizzie’ – 27/09/2019

118

ChiniMandi, Mumbai – Friday 27th September 2019

Domestic: The market picked demand today and marketmen expected that the demand would pick with Navratri round the corner.
Maharashtra: S/30 Sugar trades are taking place at Rs.3105 to Rs.3140/Qntl whereas M/30 trades took place at Rs.3255 to Rs.3460.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3410 to 3570.
Gujarat: S/30 Sugar is trading at Rs.3120 to Rs.3155 and M/30 Rs.3240 to 3290
Kolkata: The trades for M/30 are taking place at Rs.3800 to 3825.
Tamil Nadu: S/30 Sugar is trading at Rs.3380 to Rs.3525 whereas M/30 is trading at Rs.3350 to 3525.
*All domestic rates except Kolkata are excluding GST

International Market: Market seems to be in a consolidated mode and trying to find new bottom around these levels. Today, London White Sugar front month contract is trading at $341/tn whereas NY#11 raws front month contract is trading at 11.61cnts/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 70.524 meanwhile USD traded with BRL at 4.1708, Crude Futures traded at Rs.3947, Crude WTI traded at $55.83. Indian indices Sensex and Nifty closed lower as financial heavyweights dragged. The Sensex closed 167.17 points down to 38,822.57, while the Nifty closed at 11,512.40 down 58.80 points.

To Listen to this News click on the button below the image.

LEAVE A REPLY

Please enter your comment!
Please enter your name here