Daily Sugar Market Update By Vizzie – 30/10/2020

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ChiniMandi, Mumbai: Friday 30th October 2020
Domestic Market: The market witnessed moderate demand 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 ₹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 ₹3300 to 3375 whereas, M/30 rates are 3350 to 3425.
(All the above rates are excluding GST)

International Market: According to reports on Thursday New York sugar & London sugar ended at lows owing to a plunge in crude oil prices and weakness in Brazilian real against the US Dollar.

London White Sugar front month contract is trading at $379.10/tn, whereas New York Sugar front month contract is trading at 14.02/lb at the time of writing this update.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.555 whereas USD was trading with BRL at 5.7791 Crude futures traded at Rs.2708 Crude WTI traded at $36.27 a barrel. Indian Indices ended in the red. Sensex closed 135.78 points lower at 39,614.07 whereas Nifty ended 28.40 points lower at 11,642.40.

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