Daily Sugar Market Update By ‘Vizzie’

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ChiniMandi, Mumbai – Tuesday 2nd April 2019

• Domestic: The market was stable nationwide. In Maharashtra, Mills are opening their rates at Rs.3100 to Rs.3115/Qntl. Whereas, Resell rates are Rs.2980 to 3030. In Uttar Pradesh, mill sales were taking place at Rs.3180 to 3220. In resale, the market rates are Rs.3125 to 3160. In Gujarat, S/30 is trading at Rs.3110 to 3120. In Tamil Nadu, Mill trades are taking place at Rs.3200 to Rs.3300 excluding GST.

• International: The market did not witness any major movement. London White Sugar is trading at $330.40 whereas US Sugar is trading at $12.64.

The FOB indication for raw sugar was at $310-$312 and Indian White Sugar at $322-$324.

The demand of Raw Sugar range was ₹19500-19600/mt and White Sugar ₹19900-₹20000/MT on Ex.factory basis.

• Currency & Commodity: The rupee was trading against the US dollar at 68.88 meanwhile USD traded with BRL at 3.852, Crude Futures traded at ₹4284, WTI $61.95

•Indices: The 30-share Sensex started on a positive note and settled the day at 39,056.65, 184.78 points. Similarly, the NSE Nifty closed at 11,713.20, up 44.05 points.

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