ChiniMandi, Mumbai: Tuesday 17th November 2020
Domestic Market: The market witnessed quietness with the ongoing Diwali-atmosphere.
In Maharashtra: S/30 Sugar rates from millers are ₹3110 to ₹3150/Qntl whereas M/30 ₹3240 to 3270.
South Karnataka: S/30 Sugar rates are ₹3130 to 3210 whereas, M/30 rates are ₹3200 to 3260.
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 ₹3250 to 3350 whereas, M/30 rates are 3300 to 3400.
(All the above rates are excluding GST)
International Market: According to reports on Monday sugar prices rallied sharply to 8-3/4 month highs owing to global sugar crop concerns.
March New York world sugar #11 (SBH21) closed up +0.51 at 15.47. March London white sugar #5 (SWH21) closed up +14.00 at $420.80.
London White Sugar front month contract is trading at $421.20/tn, whereas New York Sugar front month contract is trading at 15.47/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.489 whereas USD was trading with BRL at 5.4058 Crude futures traded at Rs.3069, Crude WTI traded at $41.20 a barrel. Indian Indices ended in the green. Sensex closed 314.73 points higher at 43952.71 whereas Nifty ended 93.95 points higher at 12874.20
To Listen to this News click on the play button.
