Daily Sugar Market Update By ‘Vizzie’

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ChiniMandi, Mumbai – Tuesday 4th June 2019

Domestic: With the heavy announced quota for the month of June the market was comparatively slow nationwide . In Maharashtra, Mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, the rates are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3260 to 3310. In resale, the market rates are Rs.3240 to 3290. In Gujarat, S/30 is trading at Rs.3120 to 3180. In Tamil Nadu, Mill trades are taking place at Rs.3285 to Rs.3350 excluding GST.

International: The market continued to take an uptrend.
London White Sugar is trading at $332.10 whereas US Sugar is trading at $12.13

The FOB indication for raw sugar was at $332-$335 and Indian White Sugar at $348-$350.

The demand of Raw Sugar range was ₹20800-21100/mt and White Sugar ₹21800-₹22000/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.267 meanwhile USD traded with BRL at 3.884, Crude Futures traded at ₹3676, Crude WTI is trading at $52.95.

Indices: The benchmark index of Bombay Stock Exchange (BSE) on Tuesday slipped by 184.08 points to settle at 40,083.54 on profit booking by local operators at higher level.

The Nifty of National Stock Exchange (NSE) dropped by 66.90 points at 12,021.65.

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