ChiniMandi, Mumbai: Tuesday 1st December 2020
Domestic Market: The market witnessed moderate demand.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl whereas M/30 ₹3250 to 3270.
South Karnataka: S/30 Sugar rates are ₹3190 to 3250 whereas, M/30 rates are ₹3205 to 3300.
Uttar Pradesh: The rates for M/30 are ₹3300 to 3350/Qntl.
Gujarat: The rates for M/30 are at ₹3171 to 3211/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3300 to 3350 whereas, M/30 rates are 3350 to 3375.
(All the above rates are excluding GST)
International Market: On Monday, sugar prices ended low on a slide in crude oil prices along with weakness in the Brazilian real against the dollar.
March New York world sugar #11 (SBH21) closed down -0.31 at 14.51. March London white sugar #5 (SWH21) closed down -5.90 at $398.80
London White Sugar front month contract is trading at $397.10./tn, whereas New York Sugar front month contract is trading at 14.47/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.644 whereas USD was trading with BRL at 5.3170 Crude futures traded at Rs.3334, Crude WTI traded at $45.19 a barrel. Indian Indices ended in the green, sensex closed 505.72 points higher at 44655.44 whereas Nifty ended 140.10 points higher at 13,109.05.
To Listen to this News click on the play button.
