Daily Sugar Market Update By ‘Vizzie’

 

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ChiniMandi, Mumbai – Monday 13th May 2019

Domestic: The market witnessed moderate demand nationwide. In Maharashtra, Mills are opening their rates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, the rates are Rs.3080 to 3120. In Uttar Pradesh, Mill sales are taking place at Rs.3250 to 3300. In resale, the market rates are Rs.3240 to 3290. In Gujarat, S/30 is trading at Rs.3150 to 3160. In Tamil Nadu, Mill trades are taking place at Rs.3290 to Rs.3325 excluding GST.

International: The market is flat. London White Sugar is trading at $323.20 whereas US Sugar is trading at $11.72

The FOB indication for raw sugar was at $320-$322 and Indian White Sugar at $335-$337.

The demand of Raw Sugar range was ₹20000-20200/mt and White Sugar ₹21300-₹21500/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 70.66 meanwhile USD traded with BRL at 3.994, Crude Futures traded at ₹4416, Crude WTI is trading at $62.55

Indices: The BSE Sensex ended negative for the ninth straight session, tumbling down by 372.17 points at 37,090.82 on weak global cues. NSE Nifty too fell by 130.70 points at 11,148.20.

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