ChiniMandi, Mumbai: Thursday 6th February 2020
Domestic: The market witnessed quietness nationwide. Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3150/Qntl.
South Karnataka: S/30 trades are taking place at Rs.3250 to Rs. 3275 whereas M/30 trades are taking place at Rs.3270 to 3325.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to Rs.3375.
Gujarat: S/30 Sugar is trading at Rs.3230 to 3260 whereas M/30 Sugar is trading at Rs.3300 to Rs.3340.
Kolkata: The trades for S/30 are taking place at Rs.3565 to Rs.3580 whereas M/30 trades are taking place at Rs.3600 to Rs.3630.
Tamil Nadu: S/30 Sugar is trading at Rs. 3315 to Rs.3400 whereas M/30 is trading at Rs.3375
*All the domestic rates except Kolkata are excluding GST.
International Market: Though the prices have taken a jump, the demand in India hasn’t yet picked pace. Exporters are quite optimistic that the demand would take some pick.
White sugar of season 2018/19 icumsa 150 ready delivery is trading at Rs.23700 to Rs. 23800 on ex factory basis. Demand for white sugar of season 2019/20 icumsa below 100 is at Rs.24100 to Rs.24300 ex. factory basis. The FOB indication for white sugar icumsa 150 season 2018/19 is $372 to $374. For white sugar icumsa 100 Season 2019/20 the FOB indication is $380 to $382.
London White Sugar front month contract is trading at $416/tn whereas US Sugar front month contract is trading at 14.76/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 71.185 meanwhile USD traded with BRL at 4.2108, Crude Futures traded at Rs.3655, Crude WTI traded at $51.30. Indian Indices ended in the green today. Sensex ended today 163.37 points higher at 41,306.03. Similarly, Nifty ended 48.80 points higher at 12,137.95.
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