ChiniMandi, Mumbai: Friday, 18th September 2020
Domestic Market: The market witnessed no major movement.
In Maharashtra: S/30 Sugar rates from millers are ₹3170/Qntl whereas M/30 ₹3240 to ₹3260.
South Karnataka: S/30 Sugar rates are ₹3290 to 3335 whereas, M/30 rates are ₹3325.
Uttar Pradesh: The rates for M/30 are ₹3360 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 Thursday sugar prices rallied, strength in crude oil pushed sugar prices as well.
London White Sugar front month contract is trading at $366.60/tn, whereas New York Sugar front month contract is trading at 12.50/lb at the time of writing this update.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.553 whereas USD was trading with BRL at 5.2657, Crude futures traded at Rs.2992, Crude WTI traded at $40.71 a barrel. Indian Indices ended in the red. Sensex closed 134.03 points lower at 38,845.82 whereas Nifty ended 11.15 points lower at 11,504.95.
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