ChiniMandi, Mumbai Monday 11th November 2019
Domestic: The market opened with quietness, however there was demand in some parts of the country.
Maharashtra: S/30 Sugar trades are taking place at Rs. 3050 to Rs.3100/Qntl whereas M/30 trades took place at Rs. 3190 to Rs.3250.
South Karnataka:S/30 trades are taking place from 3225 to 3250 & M-30, 3250 to 3300.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to 3400.
Gujarat: S/30 Sugar is trading at Rs.3140 to Rs.3160 and M/30 Rs.3230 to 3290.
Kolkata: The trades for S/30 are taking place at Rs.3550 to 3560.
Tamil Nadu: S/30 Sugar is trading at Rs.3250 to Rs.3375 whereas M/30 is trading at Rs.3300 to 3400
*All the domestic rates except Kolkata are excluding GST.
International Market: There is good demand for ready delivery white sugar of season 2018/19. The prices are at Rs.20500 to Rs.20700 Ex. factory basis. The FOB indication for Indian White Sugar is at $330-332. London White Sugar front month contract is trading at $332.60/tn whereas US Sugar front month contract is trading at 12.48/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 71.444 meanwhile USD traded with BRL at 4.1636, Crude Futures traded at Rs.4024, Crude WTI traded at $56.31. Sensex closed 21.47 points higher at 40,345.08 whereas Nifty 50 closed 5.30 points higher at 11,913.45.
To Listen Daily Sugar Market Update by ‘Vizzie’ on 11th Nov news click on the play button.
