Daily Sugar Market Update By ‘Vizzie’

 

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ChiniMandi, Mumbai -Friday, 15th  March 2019

Domestic: The week has come to an end with no major movement. In Maharashtra, mills are opening trades at ₹3100  whereas, in resell, S/30 is trading at ₹2965 to ₹3010. In Uttar Pradesh, Ex-mill trades are taking place from ₹3100 to ₹3120. In resell, M/30 sugar is trading at  ₹3060 to ₹3100. In Gujarat, S/30 is trading at ₹3101. In Tamil Nadu, Mill trades are taking place at ₹3150 to ₹3200 excluding GST.

 

  • International: The market is flat. London White Sugar is trading at $338.50 whereas US Sugar is trading at $12.43

The FOB indication for raw sugar was at $303-$306 and Indian White Sugar at $314-$317.

The demand of Raw Sugar range was ₹19000-19200/mt and White Sugar ₹19600-₹19800/MT on Ex.factory basis.

 

  • Currency & Commodity: The rupee was trading against the US dollar at 69.19 meanwhile USD traded with BRL at 3.847, Crude Futures traded at ₹4049, WTI $58.53.

 

  • Looking at indices, Extending its winning run to the fifth session, BSE benchmark Sensex rallied amid soaring foreign fund inflows, strengthening rupee and positive global cues and settled 269.43 points higher at 38,024.32. The broader NSE Nifty closed 83.60 points up at 11,426.85.

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