Daily Sugar Market Update By Vizzie – 28/10/2020

ChiniMandi, Mumbai: Wednesday 28th October 2020
Domestic Market: The market was steady 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 ₹3100 to 3250 whereas, M/30 rates are ₹3300.
Uttar Pradesh: The rates for M/30 are ₹3250 to 3285/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3275 to 3350 whereas, M/30 rates are 3350 to 3400.
(All the above rates are excluding GST)

International Market: According to reports on Tuesday sugar prices pushed higher at new highs.

London White Sugar front month contract is trading at $394/tn, whereas New York Sugar front month contract is trading at 14.70/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.931 whereas USD was trading with BRL at5.7060 Crude futures traded at Rs.2793, Crude WTI traded at $37.67 a barrel. Indian Indices ended in the red. Sensex closed 599.64 points lower at 39,922.46 whereas Nifty ended 159.80 points lower at 11,729.60.

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