Daily Sugar Market Update By Vizzie – 31/10/2020

ChiniMandi, Mumbai: Saturday 31st 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 ₹3210 to 3260 whereas, M/30 rates are ₹3270 to 3310.
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 3425.
(All the above rates are excluding GST)

International Market: According to reports on Friday sugar prices ended mixed with New York sugar falling to a 2-week low. Sugar prices were undercut owing to weakness in crude oil prices, along with a slump in the Brazilian real

New York sugar closed -0.04 at 14.36/lb whereas London sugar closed +3.90 up at $390.50

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