Daily Sugar Market Update By Vizzie – 28/11/2020

ChiniMandi, Mumbai: Saturday 28th November 2020
Domestic Market: Moderate demand was witnessed nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl whereas M/30 ₹3250 to 3270
South Karnataka: S/30 Sugar rates are ₹3170 to 3210 whereas, M/30 rates are ₹3205 to 3260.
Uttar Pradesh: The rates for M/30 are ₹3300 to 3350/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3250 to 3350 whereas, M/30 rates are 3300 to 3375.
(All the above rates are excluding GST)

International Market: On Friday, sugar prices ended moderate. A fall in the dollar index to a 2-3/4 month low sparked short-covering in sugar futures.
March New York world sugar #11 (SBH21) closed up +0.05 at 14.82. March London white sugar #5 (SWH21) closed up +0.60 at $404.70.

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