Daily Sugar Market Update By Vizzie – 29/06/2020

245

ChiniMandi, Mumbai: Monday 29th June 2020
Domestic Market: The market witnessed scanty demand nationwide.
Maharashtra: S/30 Sugar rates from millers are ₹3170 to ₹3190/Qntl whereas M/30 ₹3270 to 3290
South Karnataka: The rates for S/30 are ₹3425/Qntl whereas for M/30 are at ₹3475/Qntl
Uttar Pradesh: The rates for M/30 are ₹3325 to ₹3335/Qntl.
Gujarat: The rates for New S/30 are ₹3231 to 3241 whereas M/30 are at ₹3241 to 3281/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3350 to Rs.3475 whereas, M/30 rates are ₹3420 to 3525.
(All the above rates are excluding GST)

International Market:
According to reports, on Friday sugar prices posted moderate lossed with NY sugar at a 3-week low closing at $351.20/tn and London sugar at a 5-week low closing at 11.55/lb. Another bearish factor for sugar was the weakness in the Brazilian real, which fell -1.08% to a 1-month low against the dollar on Friday.

London White Sugar front month contract is trading at $348.30/tn, whereas US Sugar front month contract is trading at 11.42/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 75.507 whereas USD traded with BRL at 5.4858, Crude futures traded at Rs.2927, Crude WTI traded at $38.72. Indices ended in the red, sensex closed 209.75 points lower at 34,961.52. Similarly, Nifty ended 70.60 points higher at 10,312.40.

 To Listen to this News click on the play button.

LEAVE A REPLY

Please enter your comment!
Please enter your name here