ChiniMandi, Mumbai: Saturday, 5th September 2020
Domestic Market: The market was stable nationwide. No major movement was witnessed nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3140 to ₹3160/Qntl whereas M/30 ₹3240 to 3260
South Karnataka: S/30 Sugar rates are ₹3340 to 3400 whereas, M/30 rates are ₹3365 to
3450.
Uttar Pradesh: The rates for M/30 are ₹3390 to 3400/Qntl.
Gujarat: The rates for New S/30 are ₹3231 to 3235 whereas M/30 are at ₹3251 to 3261/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3390 to 3450 whereas, M/30 rates are ₹3450 to 3500.
(All the above rates are excluding GST)
International Market:
According to reports, on Friday sugar prices settled mixed with New York sugar at a fresh 5-week low. A slump in crude prices weighed on sugar prices as crude fell more than -3% to a 5-week low whereas London sugar posted modest gains Friday on weakness in GBP/USD, which fell to a 1-week low.
London white sugar SWV20 closed up +0.90 at $354.50. New York world sugar SBV20 closed down -0.14 at 11.93/lb.
Currency, Commodity & Indian Indices:
Indian rupee extended gains and traded higher at 73.30 per dollar, crude traded $39.50/barrel. Indian indices ended in the red led by weak global cues and geopolitical tensions. Sensex closed 633.76 points lower at 38,357.18 whereas Nifty ended 193.60 points lower at 11,333.85.
To Listen to this News click on the play button.
