Daily Sugar Market Update By Vizzie – 30/11/2020

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ChiniMandi, Mumbai: Monday 30th November 2020

Domestic Market: The market was steady, not much demand was witnessed.

In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl whereas M/30 ₹3250 to 3270.
South Karnataka: S/30 Sugar rates are ₹3190 to 3250 whereas, M/30 rates are ₹3205 to 3300.
Uttar Pradesh: The rates for M/30 are ₹3300 to 3350/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3300 to 3350 whereas, M/30 rates are 3350 to 3400.
(All the above rates are excluding GST)

International Market: On Friday, sugar prices ended moderate. A fall in the dollar index to a 2-3/4 month low sparked short-covering in sugar futures.

March New York world sugar #11 (SBH21) closed up +0.05 at 14.82. March London white sugar #5 (SWH21) closed up +0.60 at $404.70.

London White Sugar front month contract is trading at $402.20/tn, whereas New York Sugar front month contract is trading at 14.79/lb at the time of writing this update.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 7.985 whereas USD was trading with BRL at 5.3262 Crude futures traded at Rs.3343, Crude WTI traded at $45.12 a barrel. Indian Indices did not trade on the occasion of Guru Nanak Jayanti.

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