Daily Sugar Market Update By Vizzie – 30/05/2020

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ChiniMandi, Mumbai: Saturday 30th May 2020
Domestic Market: The market has been steady nationwide.
Maharashtra: S/30 Sugar rates are Rs.3110 to Rs.3130/Qntl.
South Karnataka: S/30 rates are Rs.3230 to Rs.3275 whereas M/30 rates are Rs.3325.
Uttar Pradesh: The rates for M/30 rates are Rs.3140 to Rs.3150/Qntl.
Gujarat: The rates for New S/30 are Rs.3180 whereas M/30 are at 3220/Qntl.
Tamil Nadu: S/30 Sugar rates are Rs.3275 to Rs.3350 whereas M/30 rates are Rs.3325 to 3400.

International Market:
According to reports, on Friday sugar prices settled higher following higher crude prices. Higher crude prices benefit ethanol prices and may prompt Brazil’s sugar mills to divert more cane crushing toward ethanol production, thus reducing sugar supplies.

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