Daily Sugar Market Update By Vizzie – 29/10/2020

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ChiniMandi, Mumbai: Thursday 29th 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 Wednesday, sugar prices settled mixed on consolidation below the recent highs.

London White Sugar front month contract is trading at $387.10/tn, whereas New York Sugar front month contract is trading at 14.43/lb at the time of writing this update.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.397 whereas USD was trading with BRL at 5.7870 Crude futures traded at Rs.2680, Crude WTI traded at $35.94 a barrel. Indian Indices ended in the red. Sensex closed 172.61 points lower at 39,749.85 whereas Nifty ended 58.80 points lower at 11,670.80.

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