ChiniMandi, Mumbai: Tuesday 18th August 2020
Domestic Market: The market witnessed scanty demand nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3140 to ₹3170/Qntl whereas M/30 ₹3240 to 3270
South Karnataka: S/30 Sugar rates are ₹3360 to 3425 whereas, M/30 rates are ₹3450.
Uttar Pradesh: The rates for M/30 are ₹3304 to 3340/Qntl.
Gujarat: The rates for New S/30 are ₹3251 to 3255 whereas M/30 are at ₹3281 to 3291/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3375 to 3475 whereas, M/30 rates are ₹3450 to 3525.
(All the above rates are excluding GST)
International Market:According to reports, on Monday New York sugar prices fell back from last week’s high on some mild long liquidation pressure. Sugar prices saw some downward pressure from Monday’s sharp -1.64% sell-off in the Brazilian real versus the dollar to a new 2-3/4 month low.
White sugar of the season 2019/20 icumsa 100 ready delivery is trading at ₹24600 to ₹24800 on ex factory basis. The FOB indication For white sugar icumsa 100 Season 2019/20 is $371 to $373.
London White Sugar front month contract is trading at $376.10/tn, whereas New York Sugar front month contract is trading at 12.91/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.653 whereas USD is trading with BRL at 5.5095, Crude futures traded at Rs.3185, Crude WTI traded at $42.65. Indian Indices ended in the green. Sensex closed 477.54 points higher at 38528.32 whereas Nifty ended 138.25 points higher at 11,385.35
To Listen to this News click on the play button.
