Daily Sugar Market Update By ‘Vizzie’

Daily Sugar Market Update by ‘Vizzie’ – 19/10/2019

ChiniMandi, Mumbai - Saturday 19th October 2019
Domestic: The market witnessed low demand throughout the week. The incessant rains have slowed the market since yesterday.
Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3170/Qntl whereas M/30 trades took place at Rs.3220 to Rs.3300.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to 3420.
Gujarat: S/30 Sugar is trading at Rs.3180 to Rs.3230 and M/30 Rs.3280 to 3330.
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3830.
Tamil Nadu: S/30 Sugar is trading at Rs.3320 to Rs.3235 whereas M/30 is trading at Rs.3400.
*All the domestic rates except Kolkata are excluding GST.

Daily Sugar Market Update By 'Vizzie' - 18/10/2019

ChiniMandi, Mumbai - Friday 18th October 2019
Domestic: The market continued to witness low demand. Millers are desperate to sell their remaining sugar stocks of the current month quota, however there is no demand in the market.
Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3170/Qntl whereas M/30 trades took place at Rs.3220 to Rs.3300.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to 3420.
Gujarat: S/30 Sugar is trading at Rs.3180 to Rs.3230 and M/30 Rs.3280 to 3330.
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3830.
Tamil Nadu: S/30 Sugar is trading at Rs.3320 to Rs.3400 whereas M/30 is trading at Rs.3400.
*All the domestic rates except Kolkata are excluding GST.

International Market: There was good demand for white sugar crop 2018/19 ICUMSA below 150 for ready shipments at Rs.20600 to Rs.20800 Ex. factory basis. The FOB indication for Indian White Sugar is at $330-332. London White Sugar front month contract is trading at $339/tn whereas US Sugar front month contract is trading at 12.25/lb at the time of writing this update. Raw sugar traded in Maharashtra for exports at Rs.19750 on Ex. factory basis with FOB indication at $316-$318.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 71.159 meanwhile USD traded with BRL at 4.1626, Crude Futures traded at Rs.3867, Crude WTI traded at $54.36. Sensex closed 246.32 points up to close at 39,298.38 whereas Nifty closed 75.50 points up at 11,661.85.

Daily Sugar Market Update By ‘Vizzie’ - 17/10/2019

ChiniMandi, Mumbai –Thursday 17th October 2019
Domestic: The market continued to witness low demand. Millers are desperate to sell their remaining sugar stocks of the current month quota, however there is no demand in the market. Millers are worried as there is no demand seen in the market in spite of Diwali being round the corner and normally the market takes an uptrend due to the demand for the festival of Diwali at least a fortnight prior. *In Maharashtra & Karnataka the trades in resale are taking place between Rs.3070 and Rs.3100 and according to marketmen there is a possibility of witnessesing sale of sugar stocks below MSP.*
Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3170/Qntl whereas M/30 trades took place at Rs.3220 to Rs.3300.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to 3420.
Gujarat: S/30 Sugar is trading at Rs.3180 to Rs.3230 and M/30 Rs.3280 to 3330.
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3830.
Tamil Nadu: S/30 Sugar is trading at Rs.3325 to Rs.3400 whereas M/30 is trading at Rs.3290 to 3300
*All the domestic rates except Kolkata are excluding GST.

International Market: There was good demand for white sugar crop 2018/19 ICUMSA below 150 for ready shipments at Rs.20600 to Rs.20800 Ex. factory basis. The FOB indication for Indian White Sugar is at $330-332. London White Sugar front month contract is trading at $341.70/tn whereas US Sugar front month contract is trading at 12.39/lb at the time of writing this update. According to market sources Indian exporters have committed approximately 2 lakh tonnes of raw sugar contracts for shipments to Iran. With respect to the same, inquiries have started floating in the market for raw sugar. Exporters are demanding raw sugar from the mills at Rs.19500-19600 on Ex. factory basis. Basis these, raw sugar FOB indication are at $316-$318 however there are no firm offers for sale.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 71.184 meanwhile USD traded with BRL at 4.1502, Crude Futures traded at Rs.3722, Crude WTI traded at $52.95. Indian indices gained momentum as the session progressed and ended sharply higher. Sensex closed 453.07 points up to close at 39,052.06 whereas Nifty closed 122.35 points up at 11,586.35.

Daily Sugar Market Update by ‘Vizzie’ – 16/10/2019

ChiniMandi, Mumbai – Wednesday 16th October 2019
Domestic: The market continued to witness low demand. Millers are desperate to sell their remaining sugar stocks of the current month quota, however there is no demand in the market. Millers are worried as there is no demand seen in the market in spite of Diwali being round the corner and normally the market takes an uptrend due to the demand for the festival of Diwali at least a fortnight prior.
Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3170/Qntl whereas M/30 trades took place at Rs.3220 to Rs.3300.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to 3420.
Gujarat: S/30 Sugar is trading at Rs.3180 to Rs.3230 and M/30 Rs.3280 to 3330.
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3830.
Tamil Nadu: S/30 Sugar is trading at Rs.3325 to Rs.3400 whereas M/30 is trading at Rs.3290 to 3300

*All the domestic rates except Kolkata are excluding GST.

International Market: There was good demand for white sugar crop 2018/19 ICUMSA below 150 for ready shipments at Rs.20600 to Rs.20800 Ex. factory basis. The FOB indication for Indian White Sugar is at $330-332. London White Sugar front month contract is trading at $344.40/tn whereas US Sugar front month contract is trading at 12.47/lb at the time of writing this update. According to market sources Indian exporters have committed approximately 2 lakh tonnes of raw sugar contracts for shipments to Iran. With respect to the same, inquiries have started floating in the market for raw sugar. Exporters are demanding raw sugar from the mills at Rs.19500-19600 on Ex. factory basis. Basis these, raw sugar FOB indication are at $316-$318 however there are no firm offers for sale.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 71.427 meanwhile USD traded with BRL at 4.1791, Crude Futures traded at Rs.3788, Crude WTI traded at $53.01. Indian equity indices ended higher driven by gains in the Oil & gas, Real Estate and Technology sectors. Sensex closed on 16th October 2019 at 92.90 points higher at 38,598.99. Similarly, Nifty too ended 35.70 points up at 11,464.00.

Daily Sugar Market Update by ‘Vizzie’ – 15/10/2019

ChiniMandi, Mumbai – Tuesday, 15th October 2019

Indian: The sugar market continued to witness low demand. Millers are desperate to sell their remaining sugar stocks of the current month quota, however there is no demand in the market.
Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3170/Qntl whereas M/30 trades took place at Rs.3220 to Rs.3300.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3320 to 3420.
Gujarat: S/30 Sugar is trading at Rs.3180 to Rs.3230 and M/30 Rs.3280 to 3330.
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3830.
Tamil Nadu: S/30 Sugar is trading at Rs.3325 to Rs.3400 whereas M/30 is trading at Rs.3290 to 3300.
*All the domestic rates except Kolkata are excluding GST.

Millers are worried as there is no demand seen in the market even diwali is on head.

International Sugar Market: There was good demand for white sugar crop 2018/19 ICUMSA below 150 for ready shipments at Rs.20600 to Rs.20800 Ex. factory basis. The FOB indication for Indian White Sugar price is at $330-332. London White Sugar price front month contract is trading at $343.10/tn whereas US Sugar price front month contract is trading at 12.39/lb at the time of writing this update.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 71.520 meanwhile USD traded with BRL at 4.1405, Crude Futures traded at Rs.3829, Crude WTI traded at $53.47. Indian equity indices ended higher for the third straight session driven by a rally in automakers. Sensex closed on 15th October 291.62 points up to close at 38,506.09 whereas Nifty closed 87.15 points up at 11,428.30.

Daily Sugar Market Update By 'Vizzie' - 12/10/2019

Domestic: The market witnessed low demand throughout the week.
Maharashtra: S/30 Sugar trades are taking place at Rs.3110 to Rs.3180/Qntl whereas M/30 trades took place at Rs.3250 to Rs.3360.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3410 to 3560.
Gujarat: S/30 Sugar is trading at Rs.3200 to Rs.3250 and M/30 Rs.3300 to 3350
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3840.
Tamil Nadu: S/30 Sugar is trading at Rs.3340 to Rs.3460 whereas M/30 is trading at Rs.3410 to 3430.
*All the domestic rates except Kolkata are excluding GST

Daily Sugar Market Update By Vizzie - 11/10/2019

ChiniMandi, Mumbai – Friday 11th October 2019

Domestic: The market witnessed low demand throughout the week.
Maharashtra: S/30 Sugar trades are taking place at Rs.3110 to Rs.3180/Qntl whereas M/30 trades took place at Rs.3250 to Rs.3360.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3410 to 3560.
Gujarat: S/30 Sugar is trading at Rs.3200 to Rs.3250 and M/30 Rs.3300 to 3350
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3840.
Tamil Nadu: S/30 Sugar is trading at Rs.3340 to Rs.3460 whereas M/30 is trading at Rs.3410 to 3430.
*All the domestic rates except Kolkata are excluding GST

International Market: There was good demand for white sugar crop 2018/19 iccumsa below 150 for ready shipments 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 $341.30/tn whereas US Sugar front month contract is trading at 12.46 cnts/lb at the time of writing this update.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 70.994 meanwhile USD traded with BRL at 4.1089, Crude Futures traded at Rs.3868, Crude WTI traded at $54.37. Domestic stock markets rose on Friday amid gains in global peers. Sensex ended 246.68 points higher at 38,127 whereas Nifty closed 70.50 points higher at 11,305.05.

Daily Sugar Market Update By ‘Vizzie’ - 10/10/2019

ChiniMandi, Mumbai – Thursday 10th October 2019
Domestic: The market continued to witness low demand.
Maharashtra: S/30 Sugar trades are taking place at Rs.3110 to Rs.3180/Qntl whereas M/30 trades took place at Rs.3250to Rs.3360.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3410 to 3560.
Gujarat: S/30 Sugar is trading at Rs.3200 to Rs.3250 and M/30 Rs.3300 to 3350
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3840.
Tamil Nadu: S/30 Sugar is trading at Rs.3340 to Rs.3460 whereas M/30 is trading at Rs.3410 to 3430.
*All the domestic rates except Kolkata are excluding GST
International Market: There was good demand for white sugar crop 2018/19 iccumsa below 150 for ready shipments 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 $345.00/tn whereas US Sugar front month contract is trading at 12.46 cnts/lb at the time of writing this update.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 71.032 meanwhile USD traded with BRL at 4.0939, Crude Futures traded at Rs.3773, Crude WTI traded at $53.05. Indian indices ticked lower today tracking losses in Asian peers. Sensex closed 297.55 points lower at 37880.40 whereas Nifty closed 78.75 points lower at 11,234.55.

Daily Sugar Market Update By 'Vizzie' - 09/10/2019

ChiniMandi, Mumbai – Wednesday 9th October 2019

Domestic: The market witnessed low demand.
Maharashtra: S/30 Sugar trades are taking place at Rs.3115 to Rs.3200/Qntl whereas M/30 trades took place at Rs.3255 to Rs.3365.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3415 to 3565.
Gujarat: S/30 Sugar is trading at Rs.3200 to Rs.3255 and M/30 Rs.3300 to 3355
Kolkata: The trades for M/30 are taking place at Rs.3810 to 3845.
Tamil Nadu: S/30 Sugar is trading at Rs.3340 to Rs.3470 whereas M/30 is trading at Rs.3415 to 3440.
*All the domestic rates except Kolkata are excluding GST

International Market: There was good demand for white sugar crop 2018/19 iccumsa below 150 for ready shipments 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 $344.80/tn whereas US Sugar front month contract is trading at 12.47 cnts/lb at the time of writing this update.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 71.060 meanwhile USD traded with BRL at 4.0774, Crude Futures traded at Rs.3791, Crude WTI traded at $53.26. After the Modi government announced a hike in dearness allowance by 5% to 17%, investors sentiments got a boost, thus lifting Sensex and Nifty. Sensex ended 645.97 points higher at 38,177.95 whereas Nifty ended 186.90 points higher at 11,313.30.

Daily Sugar Market Update By 'Vizzie' - 07/10/2019

Monday 7th October 2019
Domestic: The market was stable, with moderate demand.
Maharashtra: S/30 Sugar trades are taking place at Rs.3125 to Rs.3205/Qntl whereas M/30 trades took place at Rs.3265 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3425 to 3575.
Gujarat: S/30 Sugar is trading at Rs.3211 to Rs.3265 and M/30 Rs.3300 to 3365
Kolkata: The trades for M/30 are taking place at Rs.3820 to 3855.
Tamil Nadu: S/30 Sugar is trading at Rs.3350 to Rs.3480 whereas M/30 is trading at Rs.3425 to 3450.
*All the domestic rates except Kolkata are excluding GST
International Market: There was good demand for white sugar crop 2018/19 ICUMSA below 150 for ready shipments 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 $343.60/tn whereas US Sugar front month contract is trading at 12.63 cnts/lb at the time of writing this update.
Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 70.998 meanwhile USD traded with BRL at 4.0625, Crude Futures traded at Rs.3815, Crude WTI traded at $53.58. Indian stock markets fell today, extending losses to the sixth session. Prospects of slower domestic economic growth and concerns over the financial sector hurt the sentiment. The Sensex ended 141.33 points lower at 37,531 while Nifty settled 48.35 points lower at 11,126.40.

Daily Sugar Market Update by ‘Vizzie’ – 05/10/2019

ChiniMandi, Mumbai – Saturday 5th October 2019

Domestic: The market ended witnessing scanty demand. Marketmen are hopeful that the demand for Diwali would pick in the upcoming week.
Maharashtra: S/30 Sugar trades are taking place at Rs.3125 to Rs.3205/Qntl whereas M/30 trades took place at Rs.3265 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3425 to 3575.
Gujarat: S/30 Sugar is trading at Rs.3211 to Rs.3265 and M/30 Rs.3300 to 3365
Kolkata: The trades for M/30 are taking place at Rs.3820 to 3855.
Tamil Nadu: S/30 Sugar is trading at Rs.3350 to Rs.3480 whereas M/30 is trading at Rs.3425 to 3450.
*All the domestic rates except Kolkata are excluding GST

Daily Sugar Market Update by ‘Vizzie’ - 04/10/2019

ChiniMandi, Mumbai – Friday 4th October 2019
Domestic: The market witnessed scanty demand.
Maharashtra: S/30 Sugar trades are taking place at Rs.3125 to Rs.3205/Qntl whereas M/30 trades took place at Rs.3265 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3425 to 3575.
Gujarat: S/30 Sugar is trading at Rs.3211 to Rs.3265 and M/30 Rs.3300 to 3365
Kolkata: The trades for M/30 are taking place at Rs.3820 to 3855.
Tamil Nadu: S/30 Sugar is trading at Rs.3350 to Rs.3480 whereas M/30 is trading at Rs.3425 to 3450.
*All the domestic rates except Kolkata are excluding GST
International Market: There was good demand. London White Sugar front month contract is trading at $344/tn whereas US Sugar front month contract is trading at 12.72 cnts/lb at the time of writing this update. The FOB indication for Indian White Sugar at $322-324. The demand of White Sugar was ₹21000-₹21200/MT on Ex.factory basis.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 70.995 meanwhile USD traded with BRL at 4.0845, Crude Futures traded at Rs.3744, Crude WTI traded at $52.61. Indian stock market indices Sensex and Nifty fell sharply. The losses came despite the Reserve Bank of India cutting interest rates by 25 basis points, the central bank's fifth rate cut this year. The Sensex ended 433.56 points lower at 37,673.31 whereas Nifty50 settled139.25 points lower at 11,174.75.

Daily Sugar Market Update by ‘Vizzie’ – 03/10/2019

ChiniMandi, Mumbai – Thursday 3rd October 2019
Domestic: The market witnessed scanty demand. The market was down Rs.5 to Rs.10
Maharashtra: S/30 Sugar trades are taking place at Rs.3125 to Rs.3205/Qntl whereas M/30 trades took place at Rs.3265 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3425 to 3575.
Gujarat: S/30 Sugar is trading at Rs.3175 to Rs.3265 and M/30 Rs.3300 to 3365
Kolkata: The trades for M/30 are taking place at Rs.3820 to 3855.
Tamil Nadu: S/30 Sugar is trading at Rs.3350 to Rs.3480 whereas M/30 is trading at Rs.3425 to 3450.
*All the domestic rates except Kolkata are excluding GST

International Market: There was good demand. London White Sugar front month contract is trading at $344.40/tn whereas US Sugar front month contract is trading at 12.83 cnts/lb at the time of writing this update. The FOB indication for Indian White Sugar at $322-324. The demand of White Sugar was ₹21000-₹21200/MT on Ex.factory basis.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 70.956 meanwhile USD traded with BRL at 4.1239, Crude Futures traded at Rs.3733, Crude WTI traded at $52.48. Indian indices fell in volatile trade on Thursday with benchmark indices extending losses to the fourth session in a row, amid weakness in Asian peers. Sensex closed 198.54 points lower at 38,106.87 whereas Nifty50 closed 45.90 points lower at 11,314.00.

Daily Sugar Market Update by ‘Vizzie’ – 01/10/2019

ChiniMandi, Mumbai – Tuesday 1st October 2019
Domestic: Owing to the demand of the ongoing Hindu festival of Navratri and dawn of Diwali, the alongwith the announced quota of 21 LMT for sale in the month of October, the market witnessed good demand nationwide .
Maharashtra: S/30 Sugar trades are taking place at Rs.3130 to Rs.3210/Qntl whereas M/30 trades took place at Rs.3270 to Rs.3380.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3430 to 3580.
Gujarat: S/30 Sugar is trading at Rs.3180 to Rs.3270 and M/30 Rs.3300 to 3370
Kolkata: The trades for M/30 are taking place at Rs.3825 to 3860.
Tamil Nadu: S/30 Sugar is trading at Rs.3390 to Rs.3525 whereas M/30 is trading at Rs.3450 to 3490.
*All the domestic rates except Kolkata are excluding GST
International Market: A very interesting delivery happened on NY Oct contract yesterday which marked the smallest delivery in last 8 years. A total of 175,000 tonnes, or 3,439 lots got delivered. ICE is still to update on the origins but market believes it shall be mostly centrals and North Brazil. Today, London White Sugar front month contract is trading at $346.5/tn whereas NY#11 raws front month contract is trading at 12.75 cnts/lb at the time of writing this update.
Export businesses for sugar season 2018-19 and 2019-20 have begun in the market. Ex-factory prices for Season 2018-19 icumsa below 150 are at Rs.20600 to Rs.20800. The FOB Indications are $332-334 Shipment October/November whereas Season 2019-20 icumsa below 100 new crop ex factory prices stand at Rs.21000 to 21200, with FOB indications $338-340, shipment December.
Raw sugar traders haven't begun due to no offers from mills so far.
Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 71.065 meanwhile USD traded with BRL at 4.1564, Crude Futures traded at Rs.3896, Crude WTI traded at $54.70. Indian indices plunged due to an across-the-board sell-off as financial sector woes, auto sales slump and weak macro data spooked investors. Sensex closed at 38,305.41 down 361.92 points whereas Nifty 50 closed at 11,359.90 down 114.55 points.

Daily Sugar Market Update by ‘Vizzie’ – 30/09/2019

ChiniMandi, Mumbai – Monday 30th September 2019

Domestic: With the await of a monthly release order for the month of October, the market was stable however demand was slow.
Maharashtra: S/30 Sugar trades are taking place at Rs.3110 to Rs.3200/Qntl whereas M/30 trades took place at Rs.3250 to Rs.3350.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3410 to 3570.
Gujarat: S/30 Sugar is trading at Rs.3120 to Rs.3155 and M/30 Rs.3240 to 3290
Kolkata: The trades for M/30 are taking place at Rs.3800 to 3825.
Tamil Nadu: S/30 Sugar is trading at Rs.3300 to Rs.3525 whereas M/30 is trading at Rs.3400 to 3450.
*All the domestic rates except Kolkata are excluding GST

International Market: Market bracing itself for the delivery on NY which seems to be missing the key origins on it. Today, London White Sugar front month contract is trading at $343.3/tn whereas NY#11 raws March month contract is trading at 12.68cnts/lb at the time of writing this update. Indian exports of whites seems to have kick started with decent quantities of White sugar 150ic got traded to Sri Lanka. Sri Lanka due to proximity and a natural importer is one of the largest buyers from India. However, raw sugar deals are yet not heard apart from a rumours of businesses done to coastal refinery and Iran purchases.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 70.875 meanwhile USD traded with BRL at 4.1592, Crude Futures traded at Rs.3936, Crude WTI traded at $55.39. Equity benchmark indices ended today’s session in the negative territory owing to heavy selling in banking, pharma and realty counters. Further, lack of any catalysts and subdued global cues, too, restricted market participants from making fresh bets. Sensex closed down 155.24 points down at 38,667.33 whereas Nifty 50 ended 37.95 points down at 11,474.45.

Daily Sugar Market Update by ‘Vizzie’ – 28/09/2019

Saturday 28th September 2019

Domestic: The market was stable.

Maharashtra: S/30 Sugar trades are taking place at Rs.3105 to Rs.3140/Qntl whereas M/30 trades took place at Rs.3255 to Rs.3460.

Uttar Pradesh: The market trades for M/30 are taking place at Rs.3410 to 3570.

Gujarat: S/30 Sugar is trading at Rs.3120 to Rs.3155 and M/30 Rs.3240 to 3290

Kolkata: The trades for M/30 are taking place at Rs.3800 to 3825.

Tamil Nadu: S/30 Sugar is trading at Rs.3380 to Rs.3525 whereas M/30 is trading at Rs.3350 to 3525.

*All the domestic rates except Kolkata are excluding GST

Daily Sugar Market Update by ‘Vizzie’ – 27/09/2019

ChiniMandi, Mumbai – Friday 27th September 2019

Domestic: The market picked demand today and marketmen expected that the demand would pick with Navratri round the corner.
Maharashtra: S/30 Sugar trades are taking place at Rs.3105 to Rs.3140/Qntl whereas M/30 trades took place at Rs.3255 to Rs.3460.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3410 to 3570.
Gujarat: S/30 Sugar is trading at Rs.3120 to Rs.3155 and M/30 Rs.3240 to 3290
Kolkata: The trades for M/30 are taking place at Rs.3800 to 3825.
Tamil Nadu: S/30 Sugar is trading at Rs.3380 to Rs.3525 whereas M/30 is trading at Rs.3350 to 3525.
*All domestic rates except Kolkata are excluding GST

International Market: Market seems to be in a consolidated mode and trying to find new bottom around these levels. Today, London White Sugar front month contract is trading at $341/tn whereas NY#11 raws front month contract is trading at 11.61cnts/lb at the time of writing this update. Few research agencies are projecting Brazil 2020-2021 crop around 27.5 mn MTs with 37.5% sugar mix.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 70.524 meanwhile USD traded with BRL at 4.1708, Crude Futures traded at Rs.3947, Crude WTI traded at $55.83. Indian indices Sensex and Nifty closed lower as financial heavyweights dragged. The Sensex closed 167.17 points down to 38,822.57, while the Nifty closed at 11,512.40 down 58.80 points.

Daily Sugar Market Update by ‘Vizzie’ – 26/09/2019

Thursday 26th September 2019

Domestic: The market witnessed slow demand however market expect the demand to pick with Navratri round the corner.
Maharashtra: S/30 Sugar trades are taking place at Rs.3100 to Rs.3130/Qntl whereas M/30 trades took place at Rs.3250 to Rs.3440.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3400 to 3565.
Gujarat: S/30 Sugar is trading at Rs.3115 to Rs.3150 and M/30 Rs.3235 to 3290
Kolkata: The trades for M/30 are taking place at Rs.3800 to 3820.
Tamil Nadu: S/30 Sugar is trading at Rs.3300 to Rs.3525 whereas M/30 is trading at Rs.3350 to 3525.
*All domestic rates except Kolkata are excluding GST

International Market: Market continued to show green color and remains positive. Today, London White Sugar front month contract is trading at $340.7/tn whereas NY#11 raws front month contract is trading at 11.79cnts/lb at the time of writing this update. Globally, Indonesia announced in a conference that they shall be buying raw sugar from India virtually confirming that they are going to tweak the raw sugar import specs to match Indian millers requirement. Indonesia imports 4-4.5 Mn MTs of raws every year.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 70.877 meanwhile USD traded with BRL at 4.1487, Crude Futures traded at Rs.4013, Crude WTI traded at $56.45. After a two-day consolidation, equity market staged a smart rebound to end the last day of the September series of futures & options (F&O) contracts on a positive note. Sensex closed 396.22 points higher at 38,989.74 while Nifty 50 closed at 11,571.20 up 131 points.

Daily Sugar Market Update by ‘Vizzie’ – 25/09/2019

ChiniMandi, Mumbai – Wednesday 25th September 2019

Domestic: The market is continuing to witness poor demand nationwide. Marketmen expect the demand to pick with Navratri round the corner.
Maharashtra: S/30 Sugar trades took place at Rs.3130 to Rs.3170/Qntl whereas M/30 trades took place at Rs.3180 to Rs.3320.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3345 to 3390.
Gujarat: S/30 Sugar is trading at Rs.3180 to Rs.3190 and M/30 Rs.3290 to 3410.
Kolkata: The trades for M/30 are taking place at Rs.3700 to 3740.
Tamil Nadu: S/30 Sugar is trading at Rs.3340 to Rs.3515 whereas M/30 is trading at Rs.3400 to 3525.
*All domestic rates except Kolkata are excluding GST

International Market: As we had suggested, market seems to be in bullish mode, decent rally was seen yesterday. Today, London White Sugar front month contract is trading at $334.5/tn whereas US Sugar front month contract is trading at 11.69cnts/lb at the time of writing this update. UNICA report was published yesterday with reports suggesting sugar mix of 35.1% was lower the market estimates as mills shift to produce more ethanol to cash in the rally in crude.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 71.029 meanwhile USD traded with BRL at 4.1934, Crude Futures traded at Rs.4012, Crude WTI traded at $56.31. Indian equity markets continued to consolidate for second consecutive session as investors turned to profit-booking. Sentiments were also impacted as market participants adjusted their position ahead of expiry of Futures and Options (F&O) contracts for the September series on Thursday. Sensex slipped down 503.62 points to close at 38,593.62 whereas Nifty 50 closed down 148 points at 11,440.

Daily Sugar Market Update by ‘Vizzie’ – 24/09/2019

ChiniMandi, Mumbai – Tuesday 24th September 2019

Domestic: The market continued to witness poor demand nationwide. Marketmen expect the demand to pick with Navratri round the corner.

Maharashtra: S/30 Sugar trades took place at Rs.3140 to Rs.3180/Qntl whereas M/30 trades took place at Rs.3190 to Rs.3330.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3355 to 3400.
Gujarat: S/30 Sugar is trading at Rs.3190 to Rs.3205 and M/30 Rs.3300 to 3420.
Kolkata: The trades for M/30 are taking place at Rs.3705 to 3755.
Tamil Nadu: S/30 Sugar is trading at Rs.3350 to Rs.3525 whereas M/30 is trading at Rs.3400 to 3525.
*All domestic rates except Kolkata are excluding GST

International Market: Market is showing their inclination towards bull side with back to back green closings in last couple of trading days. Today, London White Sugar front month contract is trading at $329.1/tn whereas NY#11 raws front month contract is trading at 11.33 cnts/lb at the time of writing this update. With recent spike in energy prices, we might see the effect on UNICA report due to be published in a while. Market expects a sugar mix of 35.5% slightly lower than last year.

Currency,Commodity & Indian Indices: The rupee traded against the US dollar at 70.948 meanwhile USD traded with BRL at 4.1613, Crude Futures traded at Rs.4128, Crude WTI traded at $58.05. The S&P BSE Sensex and NSE Nifty 50 indices took a breather and ended on a flat note after two sessions of stellar rally as investors booked profits. The Sensex ended 7 points higher at 39,097 and the NSE Nifty 50 index dipped 12 points to close at 11,588.

Daily Sugar Market Update by ‘Vizzie’ – 23/09/2019

ChiniMandi, Mumbai – Monday 23rd September 2019

Domestic: The market opened witnessing poor demand nationwide. Marketmen expect the demand to pick with Navratri round the corner.

Maharashtra: S/30 Sugar trades took place at Rs.3160 to Rs.3200/Qntl whereas M/30 trades took place at Rs.3205 to Rs.3350.

Uttar Pradesh: The market trades for M/30 are taking place at Rs.3375 to 3420.

Gujarat: S/30 Sugar is trading at Rs.3205 to Rs.3235 and M/30 Rs.3325 to 3450.

Kolkata: The trades for M/30 are taking place at Rs.3725 to 3775.

Tamil Nadu: S/30 Sugar is trading at Rs.3300 to Rs.3525 whereas M/30 is trading at Rs.3400 to 3525.

*All domestic rates except Kolkata are excluding GST

International Market: International: London White Sugar front month contract is trading at $329.70/tn whereas US Sugar front month contract is trading at 11.18 cnts/lb at 1600 hours. Market tends to reflect bullish sentiments with funds sitting on record level short position. No exports deals from India heard in the market.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 70.955 meanwhile USD traded with BRL at 4.1476,, Crude Futures traded at Rs.4114, Crude WTI traded at $57.80. Indian indices started the week’s session sharply after shrugging off weakness in Asian peers and extending gains to a second straight day after the government decided to cut the corporate tax rates. Sensex closed at 39,090.03 up 1075.41 points whereas Nifty closed at 11,600.20 up 326 points.

Daily Sugar Market Update by ‘Vizzie’ – 21/09/2019

ChiniMandi, Mumbai – Saturday 21st September 2019

Domestic: The market witnessed quietness and medium demand in west zone, whereas other zones witnessed poor demand but interestingly north zone witnessed good demand.

Maharashtra: S/30 Sugar trades took place at Rs.3180 to Rs.3220/Qntl whereas M/30 trades took place at Rs.3225 to Rs.3370.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3395 to 3440.
Gujarat: S/30 Sugar is trading at Rs.3225 to Rs.3255 and M/30 Rs.3350 to 3470.
Kolkata: The trades for M/30 are taking place at Rs.3745 to 3795.
Tamil Nadu: S/30 Sugar is trading at Rs.3350 to Rs.3525 whereas M/30 is trading at Rs.3525 range.
*All domestic rates except Kolkata are excluding GST

Daily Sugar Market Update by ‘Vizzie’ – 19/09/2019

ChiniMandi, Mumbai – Thursday 19th September 2019

Domestic: The market witnessed a slow demand.
Maharashtra: S/30 Sugar trades took place at Rs.3180 to Rs.3220/Qntl whereas M/30 trades took place at Rs.3225 to Rs.3370.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3380 to 3430.
Gujarat: S/30 Sugar is trading at Rs.3225 to Rs.3255 and M/30 Rs.3350 to 3470.
Kolkata: The trades for M/30 are taking place at Rs.3745 to 3795.
Tamil Nadu: S/30 Sugar is trading at Rs.3350 to Rs.3525 whereas M/30 is trading at Rs.3525 range.
*All domestic rates except Kolkata are excluding GST

International Market: Sugar has been trading range bound and waiting for macros support. London White Sugar front month contract is trading at $322.10/tn whereas US Sugar front month contract is trading at 11.04 cnts/lb at 16:41 hours. The relatively lesser Thais on October London might look relatively bullish for the October NY expiry at the end of this month, but interestingly October continues to be range bound except Monday’s rally which was more on the back of Crude.

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.356 meanwhile USD traded with BRL at 4.1108, Crude Futures traded at Rs.4219, Crude WTI traded at $59.24. Indian benchmark equity indices, the BSE Sensex and NSE Nifty50, slipped to multi-week lows on as the absence of positive catalysts kept sentiment largely in check, while investors laid off heavy bets after the US Federal Reserve delivered mixed signals about its next move. The week so far has been marred by concerns over surging crude prices and slowing economic growth both at home and globally. The indexes have shed more than 2.5 percent each so far this week. Sensex closed 470.41 points lower at 36,093.47 while Nifty 50 closee 135.85 points lower at 10,704.80.

Daily Sugar Market Update by ‘Vizzie’ – 18/09/2019

ChiniMandi, Mumbai – Wednesday 18th September 2019

Domestic: The market witnessed a mixed trend. The market prices were down Rs.5 to Rs.10.
Maharashtra: S/30 Sugar trades took place at Rs.3180 to Rs.3220/Qntl whereas M/30 trades took place at Rs.3225 to Rs.3370.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3380 to 3430.
Gujarat: S/30 Sugar is trading at Rs.3225 to Rs.3255 and M/30 Rs.3350 to 3470.
Kolkata: The trades for M/30 are taking place at Rs.3745 to 3795.
Tamil Nadu: S/30 Sugar is trading at Rs.3445 to Rs.3520 whereas M/30 is trading at Rs.3520
*All domestic rates except Kolkata are excluding GST

International Market: The Sugar market continued to consolidate and is trading range bound since opening. London White Sugar front month contract is trading at $321.80/tn whereas US Sugar front month contract is trading at $10.97 at 17:10 hours. OCSB has reduced the estimated cane output for 19/20 season to 111.6 mn MTs of cane.

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.224 meanwhile USD traded with BRL at 4.0804, Crude Futures traded at Rs.4199, Crude WTI traded at $58.80. Ahead of the Fed policy, Sensex closed 82.79 points higher at 36,563.88 while Nifty closed 23.05 points higher at 10,840.

Daily Sugar Market Update by ‘Vizzie’ – 17/09/2019

ChiniMandi, Mumbai – Tuesday 17th September 2019

Domestic: The market was stable.
Maharashtra: S/30 Sugar trades took place at Rs.3185 to Rs.3225/Qntl whereas M/30 trades took place at Rs.3230 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3385 to 3440.
Gujarat: S/30 Sugar is trading at Rs.3230 to Rs.3260 and M/30 Rs.3345 to 3480.
Kolkata: The trades for M/30 are taking place at Rs.3750 to 3800
Tamil Nadu: S/30 Sugar is trading at Rs.3450 to Rs.3525 whereas M/30 is trading at Rs.3525
*All domestic rates except Kolkata are excluding GST

International Market: Sugar market zoomed on the back of the crude rally yesterday but has been in consolidating phase since opening. London White Sugar front month contract is trading at $321.3 whereas US Sugar front month contract is trading as $10.97. Funds continue to hold short position as per the COT report.

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.765 meanwhile USD traded with BRL at 4.1058, Crude Futures traded at Rs.4460, Crude WTI traded at $61.88. Indian market indices Sensex and Nifty continued to remain under pressure for the second day on fears that surging oil prices could impact economic recovery. At day’s lows, the Sensex fell 642.22 points to close at 36,419 while Nifty closed at 10,817 down 185.90 points.

Daily Sugar Market Update by ‘Vizzie’ – 16/09/2019

ChiniMandi, Mumbai – Monday 16th August 2019

Domestic: The market witnessed good buying nationwide. The market was up by Rs.15 to Rs.20

Maharashtra: S/30 Sugar trades took place at Rs.3185 to Rs.3265/Qntl whereas M/30 trades took place at Rs.3325 to Rs.3415.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3415 to 3485.
Gujarat: S/30 Sugar is trading at Rs.3245 to Rs.3265 and M/30 Rs.3365 to 3405.
Kolkata: The trades for M/30 are taking place at Rs.3785 to Rs.3815.
Tamil Nadu: S/30 Sugar is trading at Rs.3365 to Rs.3565 whereas M/30 is trading at Rs.3465 to Rs.3565.
*All domestic rates are excluding GST

International Market: International: Not much of fireworks which were expected got witnessed, however, a very interesting delivery on London exchange which was exchange of 2942 lots or 147,100 MTs took place. A total of Sever deliverers delivered the said quantity from 5 ports. London White Sugar front month contract is trading at $322.6/tn whereas US front month contract is trading at $11.08. Spike in the prices seen at the opening on the back of the drone strike on the Saudi Oil pipelines which saw crude prices jump by 10%

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.000 meanwhile USD traded with BRL at 4.0600, Crude Futures traded at Rs.3941, Crude WTI traded at $55.45. Equity market ended in the negative territory as oil prices surged the most in over two decades in the intra-day trade following attacks on key oil producer Saudi Arabia’s crude facilities over the weekend. Counters such as oil marketing companies (OMCs), tyre, paint and aviation stocks tumbled around 6 to 7 percent following the development. Sensex closed at 37,123.31 down 261.68 points whereas Nifty closed 72.40 points down at 11,003.50

Daily Sugar Market Update by ‘Vizzie’ – 14/09/2019

ChiniMandi, Mumbai – Saturday 14th August 2019 Domestic: The market witnessed good buying nationwide. The market was up by Rs.20-25 Maharashtra: S/30 Sugar trades took place at Rs.3170 to Rs.3250/Qntl whereas M/30 trades took place at Rs.3310 to Rs.3400. Uttar Pradesh: The market trades for M/30 are taking place at Rs.3400 to 3470. Gujarat: S/30 Sugar is trading at Rs.3225 to Rs.3250 and M/30 Rs.3350 to 3390. Kolkata: The trades for M/30 are taking place at Rs.3770 to Rs.3800. Tamil Nadu: S/30 Sugar is trading at Rs.3350 to Rs.3550 whereas M/30 is trading at Rs.3450 to Rs.3550. *All domestic rates are excluding GST.

Daily Sugar Market Update by ‘Vizzie’ – 13/09/2019

ChiniMandi, Mumbai – Friday 13th September 2019

Domestic: After a week the market witnessed good buying nationwide. In the second session of the day, most of the sugar millers closed the sale.

Maharashtra: S/30 Sugar trades took place at Rs.3150 to Rs.3230/Qntl whereas M/30 trades took place at Rs.3290 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3375 to 3450.
Gujarat: S/30 Sugar is trading at Rs.3205 to Rs.3230 and M/30 Rs.3325 to 3370.
Kolkata: The trades for M/30 are taking place at Rs.3750 to Rs.3780.
Tamil Nadu: S/30 Sugar is trading at Rs.3325 to Rs.3525 whereas M/30 is trading at Rs.3425 to Rs.3525.
*All domestic rates are excluding GST

International Market: Delivery games continue in London exchange with Whites delivery due tonight. Raws remain steady and still range bound with more of a bearish tone. With record short levels of funds it will be interesting to watch the movement of markets hereafter. London White Sugar Dec month contract is trading at $315.7 whereas US Sugar front month contract is trading at $10.83. Marketmen expect the trade for export from India of white sugar to begin once the policy is announced.

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.000 meanwhile USD traded with BRL at 4.0600, Crude Futures traded at Rs.3941, Crude WTI traded at $55.45. Domestic stock markets registered sharp gains in the concluding hours of trade today, supported by a surge in auto, banking and metal stocks. Sensex closed at 37,384.99 up 280.71 points whereas Nifty closed 93.10 points up at 11,075.90.

Daily Sugar Market Update by ‘Vizzie’ – 12/09/2019

ChiniMandi, Mumbai – Thursday 12th August 2019

Domestic: Overall, The market was stable. There was no major movement..
Maharashtra: The market was quiet and partially closed on occasion of Anant Chaturdashi. S/30 Sugar trades took place at Rs.3150 to Rs.3230/Qntl whereas M/30 trades took place at Rs.3290 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3385 to 3435.
Gujarat: The market was closed on occasion of Anant Chatudashi.
Kolkata: The trades for M/30 are taking place at Rs.3560 to Rs.3630.
Tamil Nadu: S/30 Sugar is trading at Rs.3325 to Rs.3525 whereas M/30 is trading at Rs.3425 to Rs.3525.
*All domestic rates are excluding GST

International Market: Whites contract is the centre of action now with delivery round the corner. Raws continue to remain steady and range bound. London White Sugar front month contract is trading at $310.90. whereas US Sugar front month contract is trading at $10.75. The world market is yet awaiting for the fineprints of the newly announced MAEQ export scheme and currently there are no offers in the market. Marketmen expect the trade for export from India of white sugar to begin as soon as policy is announced.

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.164 meanwhile USD traded with BRL at 4.0670, Crude Futures traded at Rs.3932, Crude WTI traded at $55.23. After a highly volatile session Sensex ended 166.54 points lower at 37,104.28 whereas Nifty ended at 52.90 points lower at 10,982.

Daily Sugar Market Update by ‘Vizzie’ – 11/09/2019

ChiniMandi, Mumbai – Wednesday 11th September 2019

Domestic: The market was stable. There was no major movement..
Maharashtra: S/30 Sugar trades are taking place at Rs.3150 to Rs.3230/Qntl whereas M/30 trades are taking place at Rs.3290 to Rs.3375.

Uttar Pradesh: The market trades for M/30 are taking place at Rs.3385 to 3435.
Gujarat: S/30 Sugar is trading at Rs.3215 to Rs.3280 and M/30 Rs.3330 to 3380.
Kolkata: The trades for M/30 are taking place at Rs.3560 to Rs.3630.
Tamil Nadu: S/30 Sugar is trading at Rs.3375 to Rs.3525 whereas M/30 is trading at Rs.3450 to Rs.3525.

*All domestic rates are excluding GST

International Market: Whites contract is the centre of action now with delivery round the corner. Interestingly the front October-December spread goes in inverse which shows tight position of the shorts on October contract month. Raws continue to remain steady and range bound. London White Sugar front month contract is trading at $308.80. whereas US Sugar front month contract is trading at $10.91. The world market is yet awaiting for the fineprints of the newly announced MAEQ export scheme and currently there are no offers in the market. Marketmen expect the trade for export from India of white sugar to begin as soon as policy is announced.

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.701 meanwhile USD traded with BRL at 4.0811, Crude traded at Rs.4169,Crude WTI traded at $58.12. Benchmark indices ended positive after trading in the green throughout the day. Sensex closed 125.37 points up to 37,270.82, while the Nifty ended at 11,035.70 up 32.65 points.

Daily Sugar Market Update By ‘Vizzie’ - 10/09/2019

ChiniMandi, Mumbai – Tuesday 10th August 2019

Domestic: The market was down by Rs.10to Rs.15Rs and poor demand was witnessed nationwide.
Maharashtra: S/30 Sugar trades are taking place at Rs.3150 to Rs.3230/Qntl whereas M/30 trades are taking place at Rs.3290 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3385 to 3435.
Gujarat: S/30 Sugar is trading at Rs.3215 to Rs.3280 and M/30 Rs.3330 to 3380.
Kolkata: The trades for M/30 are taking place at Rs.3560 to Rs.3630.
Tamil Nadu: S/30 Sugar is trading at Rs.3375 to Rs.3525 whereas M/30 is trading at Rs.3450 to Rs.3525.
*All domestic rates are excluding GST

International Market: Whites contract is the centre of action now with delivery round the corner. Raws remain steady and still range bound. London White Sugar front month contract is trading at $304.90. whereas US Sugar front month contract is trading at $11.03. The world market continues to wait for the fineprints of the newly announced MAEQ export scheme and currently there are no offers in the market. Marketmen expect the trade for export from India of white sugar to begin as soon as policy is announced.

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.900 meanwhile USD traded with BRL at 4.0945, Crude WTI traded at $58.20. BSE, NSE, commodity & forex markets remained shut for trade today on account of Muharram.

Daily Sugar Market Update By ‘Vizzie’ - 09/09/2019

ChiniMandi, Mumbai – Monday 9th August 2019

Domestic: The market witnessed poor demand nationwide.
Maharashtra: S/30 Sugar trades are taking place at Rs.3150 to Rs.3230/Qntl whereas M/30 trades are taking place at Rs.3290 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3400 to 3450.
Gujarat: S/30 Sugar is trading at Rs.3225 to Rs.3275 and M/30 Rs.3350 to 3400.
Kolkata: The trades for M/30 are taking place at Rs.3570 to Rs.3640.
Tamil Nadu: S/30 Sugar is trading at Rs.3375 to Rs.3525 whereas M/30 is trading at Rs.3450 to Rs.3600.
*All domestic rates are excluding GST

International Market: The market remains uncertain and slow. Important support of 11 cents has been broken. London White Sugar front month contract is trading at whereas US Sugar front month contract is trading at $11.05. Millers and traders continue to wait for the fineprints of the newly announced MAEQ export scheme and currently no offers in the market. Expect the trade for export of white sugar to begin as soon as the policy is announced.

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.705 meanwhile USD traded with BRL at 4.0609, Crude Futures traded at ₹4090, Crude WTI traded at $57.05. Indian equities registered gains and ended in green. Sensex ended 163.68 points higher at 37,145.45 while Nifty closed 56.85 points higher at 11,003.05.

Daily Sugar Market Update by ‘Vizzie’ – 07/09/2019

ChiniMandi, Mumbai – Saturday 7th August 2019
Domestic: The market witnessed poor demand nationwide.
Maharashtra: S/30 Sugar trades are taking place at Rs.3170 to Rs.3250/Qntl whereas M/30 trades are taking place at Rs.3290 to Rs.3375.
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3400 to 3450.
Gujarat: S/30 Sugar is trading at Rs.3225 to Rs.3275 and M/30 Rs.3350 to 3400.
Kolkata: The trades for M/30 are taking place at Rs.3570 to Rs.3640.
Tamil Nadu: S/30 Sugar is trading at Rs.3440 to Rs.3525.
*All domestic rates are excluding GST

Daily Sugar Market Update by ‘Vizzie’ – 06/09/2019

ChiniMandi, Mumbai – Friday 6th August 2019

Domestic: Due to lifting pressure and profit booking, the market was down by Rs.15 to Rs.30 nationwide.

Maharashtra: S/30 Sugar trades are taking place at Rs.3170 to Rs.3250/Qntl whereas M/30 trades are taking place at Rs.3290 to Rs.3375 down by Rs.10 to Rs.15
Uttar Pradesh: The market trades for M/30 are taking place at Rs.3400 to 3450. Overall flatness was witnessed in comparison to yesterday.
Gujarat: S/30 Sugar is trading at Rs.3225 to Rs.3275 and M/30 Rs.3350 to 3400. Rs.30 down compared to yesterday’s trade rates. There is no demand witnessed in today’s session.
Kolkata: The trades for M/30 are taking place at Rs.3570 to Rs.3640. The market was quiet with scanty demand.
Tamil Nadu: S/30 Sugar is trading at Rs.3440 to Rs.3525 with poor demand.
*all domestic rates are excluding GST

International Market: The market is jittery. Important support of 11 cnts has been broken. London White Sugar front month contract is trading at $302.1 whereas NY#11 raws front month contract is trading at $10.97. Millers are waiting for the fineprints of the newly announced MAEQ export scheme and currently no offers in the market. Expect the trade for export of white sugar to begin as soon as policy is announced. Raws trade will still take time as production is likely to start in November.

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.724 meanwhile USD traded with BRL at 4.0917, Crude Futures traded at ₹3981, Crude WTI is trading at $55.46. The benchmark indices, the Sensex and the Nifty, surged in late session, to close higher on Friday. The Sensex finished at 36,981 up 337 points while the Nifty closed at 10,946, up 98 points.

Daily Sugar Market Update by ‘Vizzie’ – 05/09/2019

ChiniMandi, Mumbai – Thursday 5th August 2019

Domestic: Due to lifting pressure, the market was down nationwide. In Maharashtra, Mills are opening their rates at Rs.3230 to Rs.3340/Qntl, whereas in Resell, prices are Rs.3200 to 3300. In Uttar Pradesh, Mill sales are taking place at Rs.3290 to 3420. In resale, the rates are Rs.3380 to 3420. In Gujarat, S/30 is trading at Rs.3290 to 3390. In Tamil Nadu, Mill trades are taking place at Rs.3440 to 3545 excluding GST.

International: The market was stable. London White Sugar is trading at $303.70 whereas US Sugar is trading at $11.05. The FOB indication for raw sugar was at $335-$340 and Indian White Sugar at $348-$353. The demand of Raw Sugar range was ₹20800-21000/mt and White Sugar ₹21700-₹22000/MT on Ex.factory basis. (Note: The above prices are just indications not offers from any exporters.)

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 71.867 meanwhile USD traded with BRL at 4.0947, Crude Futures traded at ₹4046, Crude WTI is trading at $56.23. BSE Sensex ended with marginal loss, while Nifty50 finished flat after traded in a narrow range. At close, the Sensex was down 80.32 points at 36,644.42, while Nifty was up 3.25 points at 10,847.90.

Daily Sugar Market Update by ‘Vizzie’ – 04/09/2019

ChiniMandi, Mumbai – Wednesday 4th August 2019

Domestic: The market witnessed mixed trend nationwide. In Maharashtra, the market took a slower pace due to heavy rains in western Maharashtra. Mills are opening their rates at Rs.3270 to Rs.3370/Qntl, whereas in Resell, prices are Rs.3230 to 3320. In Uttar Pradesh, Mill sales are taking place at Rs.3320 to 3460. In resale, the rates are Rs.3410 to 3450. In Gujarat, S/30 is trading at Rs.3310 to 3410. In Tamil Nadu, Mill trades are taking place at Rs.3440 to 3545 excluding GST.

International: The market was stable. London White Sugar is trading at $306.60 whereas US Sugar is trading at $11.22. The FOB indication for raw sugar was at $335-$340 and Indian White Sugar at $348-$353. The demand of Raw Sugar range was ₹20800-21000/mt and White Sugar ₹21700-₹22000/MT on Ex.factory basis. (Note: The above prices are just indications not offers from any exporters.)

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 72.038 meanwhile USD traded with BRL at 4.1421, Crude Futures traded at ₹3957, Crude WTI is trading at $54.84. Sensex on 4th September 2019 ended 161.83 points higher at 36,724.74. Similarly, NSE Nifty ended 46.75 up at 10,844.65.

Daily Sugar Market Update by ‘Vizzie’ – 03/09/2019

ChiniMandi, Mumbai – Tuesday 3rd August 2019

Domestic: The market witnessed good demand nationwide. In Maharashtra, Mills are opening their rates at Rs.3300 to Rs.3400/Qntl, whereas in Resell, prices are Rs.3250 to 3350. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3490. In resale, the rates are Rs.3420 to 3470. In Gujarat, S/30 is trading at Rs.3320 to 3410. In Tamil Nadu, Mill trades are taking place at Rs.3440 to 3545 excluding GST.

International: The market was stable. London White Sugar is trading at $308.70 whereas US Sugar is trading at $11.35. The FOB indication for raw sugar was at $335-$340 and Indian White Sugar at $348-$353. The demand of Raw Sugar range was ₹20800-21000/mt and White Sugar ₹21700-₹22000/MT on Ex.factory basis. (Note: The above prices are just indications not offers from any exporters.)

Currency,Commodity & Indian Indices: The rupee was trading against the US dollar at 72.341 meanwhile USD traded with BRL at 4.1858, Crude Futures traded at ₹3931, Crude WTI is trading at $54.24. Indian stock market indices Sensex and Nifty fell sharply while the rupee also suffered a big loss against the US dollar. At the day’s low, the Sensex fell sharply after data released last week showed GDP grew at its weakest pace in over six years as consumption demand weakened. Sensex closed at 36,491.85 down 840.94 points whereas Nifty closed at 10,779.30 down 243.95 points.

Daily Sugar Market Update By Vizzie - 31/08/2019

ChiniMandi, Mumbai – Friday 31st August 2019

After the announcement of sugar monthly release quota for September 2019 which is 19.5 LMT, the market sentiments reacted very positively and prices jumped Rs.100 to Rs.120/Qntl. September month’s quota is likely to extend the sweetness in the market as the festive season kicks in which increases demand in the market. According to marketmen, today, in Maharashtra the rates for S/30 sugar are Rs.3200 to Rs.3300/Qntl, in Gujarat the rates for S/30 are Rs.3250 to 3280/Qntl and M/30 Rs.3350 to 3400/Qntl are , in Uttar Pradesh the rates for M/30 are Rs.3450 to 3500/Qntl. (All rates are excluding GST)

Daily Sugar Market Update By ‘Vizzie’ – 30/08/2019

ChiniMandi, Mumbai – Friday 30th August 2019

Indian: With the await of announcement of monthly release order for the month of September the market was quiet nationwide. However with the announcement of 19.5LMT quota for the month of September, the market sentiments are likely to remain positive owing to the festive season. In Maharashtra, Mills are opening their rates at Rs.3130 to Rs.3170/Qntl, whereas in Resell, prices are Rs.3120 to 3160. In Uttar Pradesh, Mill sales are taking place at Rs.3260 to 3390. In resale, the rates are Rs.3330 to 3360. In Gujarat, S/30 is trading at Rs.3200 to 3320. In Tamil Nadu, Mill trades are taking place at Rs.3400 excluding GST.

International: After the announcement of the export policy there was some movement in the market. London White Sugar is trading at $303.40 whereas US Sugar is trading at $11.18. The FOB indication for raw sugar was at $335-$340 and Indian White Sugar at $348-$353. The demand of Raw Sugar range was ₹20800-21000/mt and White Sugar ₹21700-₹22000/MT on Ex.factory basis. (Note: The above prices are just indications not offers from any exporters.)

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.456 meanwhile USD traded with BRL at 4.1667, Crude Futures traded at ₹4003, Crude WTI is trading at $55.91. The equity indices ended in green in a lacklustre trade. The broader NSE index rose 74.95 points to end at 11,023.25, while the benchmark BSE index rose 263.86 points to end at 37,332.79.

Daily Sugar Market Update By ‘Vizzie’ – 29/08/2019

ChiniMandi, Mumbai – Thursday 29th August 2019

Indian: Owing to the speculations that the monthly release order for the month of September would be lesser than that of August the demand took a high jump. In Maharashtra, the tender for next week of Shivshakti Sugars Limited have been booked at Rs.3200 for S1 and Rs.3300 for M30 respectively. In Maharashtra, Mills are opening their rates at Rs.3130 to Rs.3170/Qntl, whereas in Resell, prices are Rs.3120 to 3160. In Uttar Pradesh, Mill sales are taking place at Rs.3260 to 3390. In resale, the rates are Rs.3330 to 3360. In Gujarat, S/30 is trading at Rs.3200 to 3320. In Tamil Nadu, Mill trades are taking place at Rs.3400 excluding GST.

International: The market was stable. London White Sugar is trading at $308.20 whereas US Sugar is trading at $11.40. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.776 meanwhile USD traded with BRL at 4.1748, Crude Futures traded at ₹4019, Crude WTI is trading at $55.89. Markets ended on a lower note with benchmark BSE sensex falling over points, dragged by heavy selling in banking and financial stocks as fears of an impending global recession and August series derivatives expiry amid weak global cues marred investor sentiment. The 30-share index ended 382.91 points lower at 37,068.93. While, the broader NSE Nifty closed 97.80 points down at 10,948.30.

Daily Sugar Market Update By ‘Vizzie’ – 28/08/2019

ChiniMandi, Mumbai – Wednesday 28th August 2019

Indian: The Cabinet approved Sugar export policy for evacuation of surplus stocks during sugar season 2019-20 with export subsidy. However, the market continued to witness quietness nationwide owing to await announcement of quota for the month of September. In Maharashtra, Mills are opening their rates at Rs.3110 to Rs.3130/Qntl, whereas in Resell, prices are Rs.3100 to 3120. In Uttar Pradesh, Mill sales are taking place at Rs.3230 to 3370. In resale, the rates are Rs.3310 to 3350. In Gujarat, S/30 is trading at Rs.3180 to 3300. In Tamil Nadu, Mill trades are taking place at Rs.3350 to Rs.3455 excluding GST.

International: The market was stable. London White Sugar is trading at $309.8 whereas US Sugar is trading at $11.43. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.84 meanwhile USD traded with BRL at 4.1528, Crude Futures traded at ₹4005, Crude WTI is trading at $55.63. After gains in the first two days, on Wednesday markets closed in the negative zone.

Sensex today on 28th August 2019 ended 189.43 points lower at 37,451.84. Similarly, NSE Nifty ended 59.25 points down at 11,046.10.

Daily Sugar Market Update By ‘Vizzie’ – 27/08/2019

ChiniMandi, Mumbai – Tuesday 27th August 2019

Indian: The market continued to witness quietness nationwide owing to await announcement of quota for the month of September. Mills are opening their rates at Rs.3110 to Rs.3130/Qntl, whereas in Resell, prices are Rs.3100 to 3120. In Uttar Pradesh, Mill sales are taking place at Rs.3230 to 3370. In resale, the rates are Rs.3310 to 3350. In Gujarat, S/30 is trading at Rs.3180 to 3300. In Tamil Nadu, Mill trades are taking place at Rs.3350 to Rs.3455 excluding GST.

International: The market was stable. London White Sugar is trading at $309.8 whereas US Sugar is trading at $11.43. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.47 meanwhile USD traded with BRL at 4.1506, Crude Futures traded at ₹3885, Crude WTI is trading at $54.18. Markets remained volatile but traded higher on Tuesday as the Reserve Bank of India’s (RBI) decision to transfer Rs 1.76 lakh crore to the government’s coffer lifted banking, NBFCs and automobile stocks. The benchmark S&P BSE Sensex settled with gains of 147 points at 37,641 level. On the other hand, the broader Nifty50 closed at 11,105 mark, up 48 points.

Audio Player

Daily Sugar Market Update By ‘Vizzie’ – 26/08/2019

ChiniMandi, Mumbai – Monday 26th August 2019
Indian: The week began with quietness nationwide. Mills are opening their rates at Rs.3110 to Rs.3130/Qntl, whereas in Resell, prices are Rs.3100 to 3120. In Uttar Pradesh, Mill sales are taking place at Rs.3330 to 3370. In resale, the rates are Rs.3310 to 3350. In Gujarat, S/30 is trading at Rs.3210 to 3340. In Tamil Nadu, Mill trades are taking place at Rs.3375 to Rs.3500 excluding GST.

International: There were no major movements. Trade for London White Sugar did not take place due to a holiday. US Sugar is trading at $11.52. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 72.020 meanwhile USD traded with BRL at 4.1199, Crude Futures traded at ₹3938, Crude WTI is trading at $54.52. After Finance Minister Nirmala Sitharaman’s economy booster, the market witnessed a jump. Sensex ended 792.96 points higher at 37,494.12. Similarly, NSE Nifty ended 228.50 points up at 11,057.85.

Daily Sugar Market Update By ‘Vizzie’ – 24/08/2019

ChiniMandi, Mumbai –Saturday 24th August 2019

Indian: There was poor demand nationwide. Mills are opening their rates at Rs.3110 to Rs.3130/Qntl, whereas in Resell, prices are Rs.3100 to 3120. In Uttar Pradesh, Mill sales are taking place at Rs.3330 to 3370. In resale, the rates are Rs.3310 to 3350. In Gujarat, S/30 is trading at Rs.3210 to 3340. In Tamil Nadu, Mill trades are taking place at Rs.3375 to Rs.3500 excluding GST.

Daily Sugar Market Update By ‘Vizzie’ – 22/08/2019

ChiniMandi, Mumbai – Thursday 22nd August 2019

Indian: The sugar demand was slow nationwide. In Maharashtra, dispatches from Sangli & Kolhapur also continued to be at a halt for the third straight day owing to the unresolved issue of transporters labor payments. Mills are opening their rates at Rs.3110 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3210 to 3340. In Tamil Nadu, Mill trades are taking place at Rs.3425 to Rs.3500 excluding GST.

International: There were no major movements. London White Sugar price is trading at $309.30 whereas US Sugar price is trading at $11.47. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.815 meanwhile USD traded with BRL at 4.0346, Crude Futures traded at ₹4043, Crude WTI traded at $56.15. At Sensex close, it was down 587.44 points at 36,472.93,
while Nifty was down 177.30 points at 10,741.40.

Daily Sugar Market Update By ‘Vizzie’ – 21/08/2019

ChiniMandi, Mumbai – Wednesday 21st August 2019

Indian: The market continued to witness a mixed trend. In Maharashtra, dispatches from Sangli & Kolhapur also continued to be at a halt owing to the unresolved issue of transporters labour payment. Mills are opening their rates at Rs.3110 to Rs.3160/Qntl, whereas in Resell, prices are Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3240 to 3370. In Tamil Nadu, Mill trades are taking place at Rs.3400 to Rs.3500 excluding GST.

International: The market was stable. London White Sugar is trading at $309.70 whereas US Sugar is trading at $11.50. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.565 meanwhile USD traded with BRL at 4.0279, Crude Futures traded at ₹4063, Crude WTI traded at $56.67. The benchmark index BSE Sensex closed down at 37,060.37, down by 267.64 points whereas Nifty50 closed at 10,918.70, down by 98.30 points.

Daily Sugar Market Update By ‘Vizzie’ – 20/08/2019

ChiniMandi, Mumbai – Tuesday 20th August 2019

Indian: The market
witnessed a mixed trend. In Maharashtra, dispatches mainly from Sangli & Kolhapur
were at halt owing to the issue of transporters labor payment. Mills are
opening their rates at Rs.3110 to Rs.3160/Qntl, whereas in Resell, prices are
Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to
3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at
Rs.3240 to 3370. In Tamil Nadu, Mill trades are taking place at Rs.3400 to
Rs.3500 excluding GST.

International: The market
was stable. London White Sugar is trading at $309.00 whereas US Sugar is
trading at $11.38. The FOB indication for raw sugar was at $325-$330 and Indian
White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and
White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity &
Indian Indices: The rupee was trading against the US dollar at 71.408 meanwhile
USD traded with BRL at 4.0748, Crude Futures traded at ₹4027, Crude WTI traded
at $55.97. Indian indices D-Street remained subdued on Tuesday as no stimulus was in sight for the staggering economy. Indian indices ended today’s volatile session in the red with stocks
of the public sector banks sliding the most. The losses were, however, capped
by gains in information technology, who gained on the back of a weaker rupee.
Sensex ended at 37,328 level, down 74 points or 0.20 per cent. The broader
Nifty slipped 37 points to settle at 11,017 mark.

Daily Sugar Market Update By ‘Vizzie’ – 19/08/2019

ChiniMandi, Mumbai – Monday 19th August 2019

Indian: The sugar market was stable. In Maharashtra sugar Mills are opening their rates at Rs.3110 to Rs.3160/Qntl, whereas in Resell, prices are Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3240 to 3370. In Tamil Nadu, Mill trades are taking place at Rs.3400 to Rs.3450 excluding GST.

International: The sugar market was stable. London White Sugar price is trading at $312.20 whereas US Sugar price is trading at $11.54. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.408 meanwhile USD traded with BRL at 3.9986, Crude Futures traded at ₹3931, Crude WTI traded at $55.09. Indian stock market close today higher but significantly off day’s highs. The Sensex finished just 52 points higher at 37,402. The broader Nifty finished just 6 points higher at 11,053.

Daily Sugar Market Update By ‘Vizzie’ – 17/08/2019

ChiniMandi, Mumbai – Saturday 17th August 2019

Indian: The market was stable. In Maharashtra, Mills are opening their rates at Rs.3110 to Rs.3160/Qntl, whereas in Resell, prices are Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3220 to 3340. In Tamil Nadu, Mill trades are taking place at Rs.3350 to Rs.3420 excluding GST.

Daily Sugar Market Update By ‘Vizzie’ – 16/08/2019

ChiniMandi, Mumbai – Friday 16th August 2019

Indian: The market was stable. In Maharashtra, Mills are opening their rates at Rs.3110 to Rs.3160/Qntl, whereas in Resell, prices are Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3220 to 3340. In Tamil Nadu, Mill trades are taking place at Rs.3350 to Rs.3420 excluding GST.

International: The market was stable. London White Sugar is trading at $313.50 whereas US Sugar is trading at $11.64. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.155 meanwhile USD traded with BRL at 3.9939, Crude Futures traded at ₹3878, Crude WTI is traded at $54.45. The headline indices Sensex and Nifty recovered to close in the positive in the afternoon. Sensex closed 39 points up at 37,350.33, while the Nifty closed 18.40 points higher at 11,047.80.

Daily Sugar Market Update By ‘Vizzie’ – 14/08/2019

ChiniMandi, Mumbai – Wednesday 14th August 2019

Indian: The market was stable. In Maharashtra, Mills are opening their rates at Rs.3110 to Rs.3160/Qntl, whereas in Resell, prices are Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3220 to 3340. In Tamil Nadu, Mill trades are taking place at Rs.3350 to Rs.3360 excluding GST.

International: The market was stable. London White Sugar is trading at $317.20 whereas US Sugar is trading at $11.73. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.275 meanwhile USD traded with BRL at 3.9955, Crude Futures traded at ₹3862, Crude WTI is traded at $55.45. Indices held gains on supported by broad-based buying across all major sectors, to end the day in the green. Positive sentiment was bolstered at D-street as US president Donald Trump’s decision to delay imposition of additional tariffs on Chinese imports doused trade-war concerns. Further, benign inflation back home, opened room for more rate cuts by the Reserve Bank of India (RBI). The benchmark BSE Sensex settled at 37,311 levels, up 353 points whereas the broader Nifty50, too, added 104 points to close the day above the psychological mark of 11,000 at 11,029.

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Daily Sugar Market Update By ‘Vizzie’ – 13/08/2019

ChiniMandi, Mumbai – Tuesday 13th August 2019

Indian: The sugar market was stable. In Maharashtra sugar mills are opening their rates at Rs.3110 to Rs.3160/Qntl, whereas in Resell sugar prices are Rs.3100 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3210 to 3300. In Tamil Nadu, Mill trades are taking place at Rs.3300 to Rs.3325 excluding GST.

International: The sugar market was stable. London White Sugar price is trading at $315.00 whereas US Sugar price is trading at $11.61. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹20200-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 71.479 meanwhile USD traded with BRL at 4.0015, Crude Futures traded at ₹3895, Crude WTI is traded at $54.48. Equity indices plunged on Tuesday to finish in red with the benchmark BSE Sensex crashing more than 600 points ahead of key retail or consumer price-based inflation data. Sensex close today nosedived 624 points or 1.66 per cent to close at 36,958; while the broader NSE Nifty moved 184 points or 1.65 per cent lower to settle at 10926.

Daily Sugar Market Update By ‘Vizzie’ – 05/08/2019

ChiniMandi, Mumbai – Monday 5th August 2019

Indian: The sugar market has a mixed demand nationwide. In Maharashtra, loading has been at a halt due to very to heavy rains and flood situations in parts of Western Maharashtra. Mills are opening their rates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3080 to 3140. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3160 to 3210. In Tamil Nadu, Mill trades are taking place at Rs.3300 to Rs.3350 excluding GST.

International: The sugar market was stable. London White Sugar price is trading at $322.70 whereas US Sugar price is trading at $11.96. The FOB indication for raw sugar was at $325-$330 and Indian White Sugar at $340-$345. The demand of Raw Sugar range was ₹19800-20300/mt and White Sugar ₹20750-₹21000/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 70.714 meanwhile USD traded with BRL at 3.8914, Crude Futures traded at ₹3898, Crude WTI is traded at $55.00. Tensions in the northern state of Jammu and Kashmir coupled with simmering trade war concerns between the United States and China led to broad-based sell-off at D-street. The Sensex closed today settled 418 points lower to close Monday’s trade at 36,699.84. The Nifty50 also dipped 135 points to settle at 10,862.60.

Daily Sugar Market Update By ‘Vizzie’ – 03/08/2019

ChiniMandi, Mumbai – Saturday 3rd August 2019

Indian: The market was firm with good demand. In Maharashtra after a long time trade of 25-30 rakes took place in the last two days,mills are opening their rates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3090 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3275 to Rs.3325 excluding GST.

Daily Sugar Market Update By ‘Vizzie’ – 02/08/2019

ChiniMandi, Mumbai – Friday 2nd August 2019

Indian: The market was firm. In Maharashtra, mills are opening their rates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3090 to 3150. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3275 to Rs.3325 excluding GST.

International: The market was stable. London White Sugar is trading at $323.80 whereas US Sugar is trading at $12.03. The FOB indication for raw sugar was at $328-$330 and Indian White Sugar at $342-$345.

The demand of Raw Sugar range was ₹19700-19900/mt and White Sugar ₹20600-₹20800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 69.628 meanwhile USD traded with BRL at 3.8418, Crude Futures traded at ₹3854, Crude WTI is traded at $55.30. Domestic equity market indices Sensex and Nifty pared early losses and closed on a bullish note by the afternoon session, backed by buying interest generated from Auto and PSU Bank stocks. Sensex ended the day’s trade at 37,118, with a rise of 99 points and Nifty 50 has closed 17.35 points up at 10,997 marks.

Daily Sugar Market Update By ‘Vizzie’ – 01/08/2019

ChiniMandi, Mumbai – Thursday 1st August 2019
Indian: The market witnessed demand with the announcement of August quota and the dawn of the festive season nearing. In Maharashtra ,mills are opening their rates at Rs.3100 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3090 to 3120. In Uttar Pradesh, Mill sales are taking place at Rs.3340 to 3380. In resale, the rates are Rs.3320 to 3360. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3275 to Rs.3325 excluding GST.

International: The market was stable. London White Sugar is trading at $325.50 whereas US Sugar is trading at $12.13. The FOB indication for raw sugar was at $328-$330 and Indian White Sugar at $342-$345.
The demand of Raw Sugar range was ₹19700-19900/mt and White Sugar ₹20600-₹20800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 69.095 meanwhile USD traded with BRL at 3.8131, Crude Futures traded at ₹3998, Crude WTI is traded at $57.81. Indian benchmark indices nosedived on the back of weak global cues after the US Federal Reserve rattled markets by signalling that its first rate cut in more than a decade was not the start of a lengthy easing cycle. The Sensex plunged 463 points or 1.23 per cent to close at 37,018 and the NSE Nifty 50 Index dropped 1.24 per cent or 105 points to shut shop at 10,980.

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Daily Sugar Market Update By ‘Vizzie’ – 30/07/2019

ChiniMandi, Mumbai – Tuesday 30th July 2019

Indian: The sugar market witnessed a mixed trend owing to the await of quota of August. In Maharashtra sugar mills are opening their rates at Rs.3110 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3190 to 3320. In resale, the rates are Rs.3210 to 3340. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3200 to Rs.3250 excluding GST.

International: The sugar market was stable. London White Sugar prcie is trading at $323.80 whereas US Sugar price is trading at $12.15. The FOB indication for raw sugar was at $328-$330 and Indian White Sugar price at $342-$345.

The demand of Raw Sugar range was ₹19700-19900/mt and White Sugar ₹20600-₹20800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.808 meanwhile USD traded with BRL at 3.7900, Crude Futures traded at ₹3946, Crude WTI is traded at $57.23. The headline indices Sensex and Nifty close lower after opening marginally higher in the morning but slipped heavily in the latter part of the trading session. The Sensex lost 289 points to end at 37,397 level, the Nifty50 settled at a level of 11,080, down 108 points from the previous settlement.

Daily Sugar Market Update By ‘Vizzie’ – 29/07/2019

ChiniMandi, Mumbai – Monday 29th July 2019

Indian: The week began with the market witnessing a mixed trend. In Maharashtra, mills are opening their rates at Rs.3110 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3190 to 3320. In resale, the rates are Rs.3210 to 3340. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3220 to Rs.3225 excluding GST.

International: The market was stable. London White Sugar is trading at $312.30 whereas US Sugar is trading at $12.14. The FOB indication for raw sugar was at $328-$330 and Indian White Sugar at $342-$345.

The demand of Raw Sugar range was ₹19700-19900/mt and White Sugar ₹20600-₹20800/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.745 meanwhile USD traded with BRL at 3.7765, Crude Futures traded at ₹3865, Crude WTI is traded at $56.16. Domestic indices ended today’s lackluster trade with marginal gains. After opening marginally higher, the headline indices Sensex and Nifty pared gains and extended losses in the afternoon trade on Monday, tracking cues. The 30-share Sensex closed 196 points down at 37,686.37, while the Nifty ended below the 11,200-mark.

Daily Sugar Market Update By ‘Vizzie’ – 27/07/2019

ChiniMandi, Mumbai – Saturday 27th July 2019

Indian: The week ended with the market witnessing a mixed trend. In Maharashtra, mills are opening their rates at Rs.3110 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3050 to 3090. In Uttar Pradesh, Mill sales are taking place at Rs.3190 to 3320. In resale, the rates are Rs.3220 to 3345. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3220 to Rs.3225 excluding GST.

Audio Player

Daily Sugar Market Update By ‘Vizzie’ – 26/07/2019

ChiniMandi, Mumbai – Friday 26th July 2019
Indian: The week ended with the market witnessing a mixed trend. In Maharashtra ,mills are opening their rates at Rs.3110 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3050 to 3090. In Uttar Pradesh, Mill sales are taking place at Rs.3190 to 3320. In resale, the rates are Rs.3220 to 3345. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3220 to Rs.3225 excluding GST.

International: The market was stable. London White Sugar is trading at $319.70 whereas US Sugar is trading at $11.97. The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.925 meanwhile USD traded with BRL at 3.7785, Crude Futures traded at ₹3898, Crude WTI is traded at $56.50. Domestic indices ended today’s lackluster trade with marginal gains. The Sensex ended 52 points higher at 37,883 levels on the other hand, Nifty50 settled at 11,284 mark, up 32 points.

Daily Sugar Market Update By ‘Vizzie’ – 25/07/2019

ChiniMandi, Mumbai – Thursday 25th July 2019

Indian: The sugar market witnessed a mixed trend. In Maharashtra sugar mills are opening their rates at Rs.3110 to Rs.3150/Qntl, whereas in Resell, prices are Rs.3050 to 3090. In Uttar Pradesh, Mill sales are taking place at Rs.3190 to 3320. In resale, the rates are Rs.3220 to 3345. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3220 to Rs.3225 excluding GST.

International: The sugar market was stable. London White Sugar price is trading at $321.90 whereas US Sugar price is trading at $12.08. The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.981 meanwhile USD traded with BRL at 3.7591, Crude Futures traded at ₹3917, Crude WTI is traded at $56.73. Sensex closed today 17 points lower at 37,831 and Nifty declined 19 points to close at 11,252.

Audio Player

Daily Sugar Market Update By ‘Vizzie’ – 24/07/2019

ChiniMandi, Mumbai – Wednesday 24th July 2019

Indian: The sugar market witnessed a mixed trend. In Maharashtra sugar mills are opening their rates at Rs.3110 to Rs.3150/Qntl, whereas in Resell sugar prices are Rs.3050 to 3090. In Uttar Pradesh, Mill sales are taking place at Rs.3190 to 3320. In resale, the rates are Rs.3220 to 3345. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3220 to Rs.3225 excluding GST.

International: The sugar market was stable. London White Sugar price is trading at $317.40 whereas US Sugar price is trading at $11.93.

The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 69.005 meanwhile USD traded with BRL at 3.773, Crude Futures traded at ₹3929, Crude WTI is traded at $56.81. Indices ended with losses as weak corporate earnings and sluggish economic outlook dented investors’ sentiment. Sensex closed today at 37,848 level, down 135 points, whereas Nifty slipped below the psychological level of 11,300 to settle at 11,271, down 60 points.

Daily Sugar Market Update By ‘Vizzie’ – 23/07/2019

ChiniMandi, Mumbai – Tuesday 23rd July 2019

Indian: The market witnessed moderate demand. In Maharashtra ,mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3210 to 3335. In Gujarat, S/30 is trading at Rs.3110 to 3150. In Tamil Nadu, Mill trades are taking place at Rs.3220 to Rs.3225 excluding GST.

International: The market was stable. London White Sugar is trading at $314.90 whereas US Sugar is trading at $11.63.

The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.957 meanwhile USD traded with BRL at 3.741, Crude Futures traded at ₹3900, Crude WTI is traded at $56.25. Indices slipped as weak corporate earnings, hinting at an economic slowdown, kept investors’ sentiment muted. Sensex settled at 37,983 levels, down 48 points whereas the broader Nifty ended at 11,331 down 15 points.

Daily Sugar Market Update By ‘Vizzie’ – 20/07/2019

ChiniMandi, Mumbai – Saturday 20th July 2019

Indian: The market witnessed moderate demand. In Maharashtra ,mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3210 to 3335. In Gujarat, S/30 is trading at Rs.3120 to 3170. In Tamil Nadu, Mill trades are taking place at Rs.3175 to Rs.3200 excluding GST.

Daily Sugar Market Update By ‘Vizzie’ – 19/07/2019

ChiniMandi, Mumbai – Friday 19th July 2019
Indian: There was moderate demand nationwide. In Maharashtra ,mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3210 to 3335. In Gujarat, S/30 is trading at Rs.3120 to 3170. In Tamil Nadu, Mill trades are taking place at Rs.3175 to Rs.3200 excluding GST.
International: The market was stable. London White Sugar is trading at $314.90 whereas US Sugar is trading at $11.60.
The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.
Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.840 meanwhile USD traded with BRL at 3.740, Crude Futures traded at ₹3834, Crude WTI is traded at $55.73. Sensex and Nifty fell over 1.5% each a day after Finance Minister Nirmala Sitharaman ruled out any relaxation for foreign portfolio investors (FPI) and said that overseas investors functioning as trusts in India will have to pay the tax surcharge proposed in the Union Budget. While Sensex lost 560 points to 38,337 level, Nifty fell 177 points to 11,419.

Daily Sugar Market Update By ‘Vizzie’ – 18/07/2019

ChiniMandi, Mumbai – Thursday 18th July 2019

Indian: There was moderate demand nationwide. In Maharashtra, mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3045 to 3100. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3210 to 3335. In Gujarat, S/30 is trading at Rs.3100 to 3140. In Tamil Nadu, Mill trades are taking place at Rs.3150 to Rs.3200 excluding GST.

International: The market was stable. London White Sugar is trading at $314.10 whereas US Sugar is trading at $11.76.

The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.

The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.894 meanwhile USD traded with BRL at 3.760, Crude Futures traded at ₹3932, Crude WTI is traded at $57.09. The BSE Sensex was down 318.18 points at 38,897.46 and the Nifty50 fell 90.60 points to 11,596.90.

Audio Player

Daily Sugar Market Update By ‘Vizzie’ – 17/07/2019

ChiniMandi, Mumbai – Wednesday 17th July 2019

Indian: There was moderate demand nationwide. In Maharashtra, mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3045 to 3100. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3200 to 3325. In Gujarat, S/30 is trading at Rs.3100 to 3140. In Tamil Nadu, Mill trades are taking place at Rs.3150 to Rs.3200 excluding GST.

International: The market was stable. London White Sugar is trading at $316.10 whereas US Sugar is trading at $12.04.

The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.

The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.
Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.863 meanwhile USD traded with BRL at 3.762, Crude Futures traded at ₹4006, Crude WTI is traded at $58.24. Indian benchmark indices ended marginally higher on led by banking, IT and FMCG stocks. The Sensex ended 85 points higher at 39,216 while the broader Nifty50 index added 25 points to end at 11,687.

Daily Sugar Market Update By ‘Vizzie’ – 16/07/2019

ChiniMandi, Mumbai – Tuesday 16th July 2019

Indian: There was moderate demand nationwide. In Maharashtra, mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3045 to 3100. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3200 to 3325. In Gujarat, S/30 is trading at Rs.3100 to 3140. In Tamil Nadu, Mill trades are taking place at Rs.3150 to Rs.3200 excluding GST.

International: The market was stable. London White Sugar is trading at $296.70 whereas US Sugar is trading at $12.01.

The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.

The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.684 meanwhile USD traded with BRL at 3.761, Crude Futures traded at ₹4094, Crude WTI is traded at $59.62. Benchmark indices closed strong with the Sensex rising 234.33 points to 39,131.04 and the Nifty50 climbing 72.70 points to 11,661.05 as all sectoral indices were higher except IT which lost over half a percent.

Daily Sugar Market Update By ‘Vizzie’ – 15/07/2019

ChiniMandi, Mumbai – Monday 15th July 2019

Indian: The week began with no major movement. In Maharashtra, mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3030 to 3075. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3185 to 3310. In Gujarat, S/30 is trading at Rs.3100 to 3140. In Tamil Nadu, Mill trades are taking place at Rs.3160 to Rs.3200 excluding GST.

International: The market was stable. London White Sugar is trading at $298.00 whereas US Sugar is trading at $11.99.

The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.522 meanwhile USD traded with BRL at 3.7394, Crude Futures traded at ₹4159, Crude WTI is traded at $60.67. Domestic equity indices ended higher on Monday, driven by heavy gains in index heavyweight Infosys and positive macroeconomic cues. The 30-share index settled 160.48 points higher at 38,896.71. The broader NSE Nifty ended 35.85 points up at 11,588.35.

Daily Sugar Market Update By ‘Vizzie’ – 13/07/2019

ChiniMandi, Mumbai – Saturday 13th July 2019

Indian: The market didn’t witness any major movement. In Maharashtra ,mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3030 to 3075. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3185 to 3310. In Gujarat, S/30 is trading at Rs.3100 to 3140. In Tamil Nadu, Mill trades are taking place at Rs.3200 to Rs.3250 excluding GST.

Daily Sugar Market Update By ‘Vizzie’ – 12/07/2019

ChiniMandi, Mumbai –Friday 12th July 2019

Indian: The week ended quiet. In Maharashtra ,mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3030 to 3075. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3185 to 3310. In Gujarat, S/30 is trading at Rs.3100 to 3140. In Tamil Nadu, Mill trades are taking place at Rs.3200 to Rs.3250 excluding GST.

International: The week ended with flatness in the market. London White Sugar is trading at $312.70 whereas US Sugar is trading at $12.33.

The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.661 meanwhile USD traded with BRL at 3.7534, Crude Futures traded at ₹4136, Crude WTI is traded at $60.26. Domestic equity indices BSE Sensex and NSE Nifty closed lower ahead of key macroeconomic data to be released today amid mixed global cues. Sensex ended

Daily Sugar Market Update By ‘Vizzie’ – 11/07/2019

ChiniMandi, Mumbai – Thursday 11th July 2019

Indian: There was no major movement. In Maharashtra ,mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3030 to 3075. In Uttar Pradesh, Mill sales are taking place at Rs.3180 to 3310. In resale, the rates are Rs.3185 to 3310. In Gujarat, S/30 is trading at Rs.3100 to 3140. In Tamil Nadu, Mill trades are taking place at Rs.3200 to Rs.3250 excluding GST.

International: The market continued to be flat. London White Sugar is trading at $320.60 whereas US Sugar is trading at $12.48.

The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355.
The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.438 meanwhile USD traded with BRL at 3.7539, Crude Futures traded at ₹4148, Crude WTI is traded at $60.64. Indices ended higher where the BSE Sensex ended 266 points higher to settle at 38,823 at close. The NSE Nifty50 settled 84 points higher at 11,583.

Daily Sugar Market Update By ‘Vizzie’ – 08/07/2019

ChiniMandi, Mumbai – Monday 8th July 2019 Indian: The market was stable in Maharashtra ,mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3030 to 3075. In Uttar Pradesh, there was a good demand from Rajasthan & Madhya Pradesh, Mill sales are taking place at Rs.3170 to 3300. In resale, the rates are Rs.3185 to 3310. In Gujarat, S/30 is trading at Rs.3100 to 3130. In Tamil Nadu, Mill trades are taking place at Rs.3225 to Rs.3260 excluding GST. International: The market continued to be flat. London White Sugar is trading at $320.60 whereas US Sugar is trading at $12.44. The FOB indication for raw sugar was at $336-$338 and Indian White Sugar at $352-$355. The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis. Currency, Commodity & Indian Indices: The rupee was trading against the US dollar at 68.557 meanwhile USD traded with BRL at 3.8048, Crude Futures traded at ₹3937, Crude WTI is traded at $57.33. Benchmark indices, BSE Sensex and NSE Nifty50, fell sharply on Monday, due to a sharp sell-off in global equities. The Sensex settled 793 points lower at 38,720.57 at close, while the Nifty dipped 252.60 points to end at 11,558.60.

Daily Sugar Market Update By ‘Vizzie’ 26th June 2019

ChiniMandi, Mumbai –Wednesday 26th June 2019

Indian: The sugar market witnessed quietness in the market nationwide for the third straight day. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3040 to 3070. In Uttar Pradesh, Mill sales are taking place at Rs.3220 to 3350. In resale, the rates are Rs.3160 to 3250. In Gujarat, S/30 is trading at Rs.3110 to 3170. In Tamil Nadu, Mill trades are taking place at Rs.3235 to Rs.3340 excluding GST.

International: The sugar market was flat. London White Sugar price is trading at $322.60 whereas US Sugar price is trading at $12.34.

The FOB indication for raw sugar price was at $336-$338 and Indian White Sugar at $352-$355.

The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.181 meanwhile USD traded with BRL at 3.837, Crude Futures traded at ₹4097, Crude WTI is trading at $58.98

Indian Indices ended higher with Sensex closing today 157.14 points up at 39,592.08, while Nifty closed up 51 points at 11,847.50.

Daily Market Update By ‘Vizzie’ – 20/06/2019

ChiniMandi, Mumbai – Thursday 20th June 2019

Indian: The sugar market continued with a bearish trend for the third straight day. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3250 to 3320. In resale, the rates are Rs.3250 to 3290. In Gujarat, S/30 is trading at Rs.3140 to 3200. In Tamil Nadu, Mill trades are taking place at Rs.3235 to Rs.3350 excluding GST.

International: No major movement was witnessed. London White Sugar price is trading at $332.80 whereas US Sugar price is trading at $12.48.

The FOB indication for raw sugar price was at $336-$338 and Indian White Sugar at $352-$355.

The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.411 meanwhile USD traded with BRL at 3.8390, Crude Futures traded at ₹3886, Crude WTI is trading at $55.75.

Indices: The BSE Sensex surged 1.25 per cent or 489 points to close at 39,601.63 and the NSE Nifty 50 Index climbed 1.2 per cent or 140 points to close at 11,832.

Daily Sugar Market Update By ‘Vizzie’ – 19/06/2019

ChiniMandi, Mumbai – Wednesday 19th June 2019

Indian: The sugar market continued with a bearish trend. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, prices are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3250 to 3320. In resale, the rates are Rs.3250 to 3290. In Gujarat, S/30 is trading at Rs.3140 to 3200. In Tamil Nadu, Mill trades are taking place at Rs.3235 to Rs.3350 excluding GST.

International: No major movement was witnessed. London White Sugar price is trading at $332.20 whereas US Sugar price is trading at $12.43.

The FOB indication for raw sugar price was at $336-$338 and Indian White Sugar at $352-$355.

The demand of Raw Sugar range was ₹21000-21300/mt and White Sugar ₹22000-₹22200/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.700 meanwhile USD traded with BRL at 3.8600, Crude Futures traded at ₹3755, Crude WTI is trading at $54.07.

Indices: Sensex finished higher, while Nifty flat in the volatile trade. At Sensex close, was up 66.40 points at 39112.74, while Nifty ended flat at 11691.50.

Audio Player

Daily Sugar Market Update By ‘Vizzie’ – 17/06/2019

ChiniMandi, Mumbai –Monday 17th June 2019

Indian: The sugar market opened slower. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell price are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3250 to 3320. In resale, the sugar market rates are Rs.3250 to 3290. In Gujarat, S/30 is trading at Rs.3140 to 3200. In Tamil Nadu, Mill trades are taking place at Rs.3235 to Rs.3350 excluding GST.

International: The Sugar market was stable. London White Sugar is trading at $335.20 whereas US Sugar is trading at $12.74.The FOB indication for raw sugar was at $332-$335 and Indian White Sugar at $348-$350.

The demand of Raw Sugar range was ₹20800-21100/mt and White Sugar ₹21800-₹22000/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.868 meanwhile USD traded with BRL at 3.8906, Crude Futures traded at ₹3644, Crude WTI is trading at $52.12.

Indices: The benchmark index of the Bombay Stock Exchange (BSE) sensex close on Monday tanked by 491.28 points to settle at 38,960.79 after India slapped higher tariffs on certain US products in retaliation to Washington’s decision to remove certain trade privileges for New Delhi. The Nifty of the National Stock Exchange (NSE) too dropped by 151.15 points at 11,672.15.

Daily Sugar Market Update By ‘Vizzie’ – 14-06-2019

ChiniMandi, Mumbai –Friday 14th June 2019

Indian: With the monsoon setting, the market continued to witness poor demand nationwide. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell price are Rs.3040 to 3070. In Uttar Pradesh, Mill sales are taking place at Rs.3250 to 3320. In resale, the sugar market rates are Rs.3250 to 3300. In Gujarat, S/30 is trading at Rs.3140 to 3200. In Tamil Nadu, Mill trades are taking place at Rs.3235 to Rs.3350 excluding GST.

International: The Sugar market was stable. London White Sugar is trading at $336.10 whereas US Sugar price is trading at $12.77.
The FOB indication for raw sugar price was at $332-$335 and Indian White Sugar at $348-$350.

The demand of Raw Sugar range was ₹20800-21100/mt and White Sugar ₹21800-₹22000/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.748 meanwhile USD traded with BRL at 3.8526, Crude Futures traded at ₹3640, Crude WTI is trading at $52.16.

Indices: Sharp fall in late trading pulled the indices to the low of the day. At close, the Sensex was down 289.29 points at 39,452.07, while Nifty was down 90.70 points at 11,823.30.

Daily Sugar Market Update By Vizzie – 13-06-2019

ChiniMandi, Mumbai –Thursday 13 June 2019

Indian: The sugar market witnessed continued to witness poor demand nationwide owing to the monsoons. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell price are Rs.3050 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3260 to 3320. In resale, the sugar market rates are Rs.3250 to 3300. In Gujarat, S/30 is trading at Rs.3140 to 3200. In Tamil Nadu, Mill trades are taking place at Rs.3235 to Rs.3350 excluding GST.

International: The Sugar market was stable. London White Sugar is trading at $335.70 whereas US Sugar is trading at $12.66.

The FOB indication for raw sugar was at $332-$335 and Indian White Sugar at $348-$350.

The demand of Raw Sugar range was ₹20800-21100/mt and White Sugar ₹21800-₹22000/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.533 meanwhile USD traded with BRL at 3.8500, Crude Futures traded at ₹3705, Crude WTI is trading at $53.24.

Indices: Markets ended flat with gains being capped by banking and auto stocks. Weak global cues and rising retail inflation, too, contributed to a lackluster trade. Sensex closed 15 points lower at 39,741. The broader Nifty settled just above the psychological level of 11,900 at 11,914 mark, up a modest 8 points.

Daily Sugar Market Update By Vizzie – 10/06/2019

Indian: The sugar market was stable with sugar prices in the market firm nationwide. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell price are Rs.3050 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3260 to 3320. In resale, the sugar market rates are Rs.3250 to 3300. In Gujarat, S/30 is trading at Rs.3140 to 3200. In Tamil Nadu, Mill trades are taking place at Rs.3250 to Rs.3350 excluding GST.

International: Sugar market was stable. White Sugar price in London is trading at $335.80 whereas US Sugar price is trading at $12.43.

The FOB indication for raw sugar price was at $332-$335 and Indian White Sugar at $348-$350.

The demand of Raw Sugar range was ₹20800-21100/mt and White Sugar ₹21800-₹22000/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.60 meanwhile USD traded with BRL at 3.8959, Crude Futures traded at ₹3784, Crude WTI is trading at $54.26.

Indices: Indian equity benchmarks ended higher for the second consecutive trading session, led by gains in Infosys Ltd. and Tata Consultancy Services Ltd. The Sensex closed 169 points or 0.43 percent higher to close at 39,785 and the NSE Nifty 50 Index rose 0.44 per cent or 52 points to close at 11,923.

Audio Player

Daily Sugar Market Update By ‘Vizzie’ 3rd June 2019

ChiniMandi, Mumbai – Monday 3rd June 2019

Domestic: With the heavy announced quota for the month of June the market was comparatively slow nationwide . In Maharashtra, Mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, the rates are Rs.3040 to 3070. In Uttar Pradesh, Mill sales are taking place at Rs.3270 to 3320. In resale, the market rates are Rs.3260 to 3300. In Gujarat, S/30 is trading at Rs.3120 to 3180. In Tamil Nadu, Mill trades are taking place at Rs.3285 to Rs.3350 excluding GST.

International: According to market sources, majority of the millers from Maharashtra, Karnataka and Gujarat state have already accomplished exporting under their allocated MIEQ. The market has taken an uptrend owing to the demand, however now the supply pipeline is under shortage.

London White Sugar is trading at $328.00 whereas US Sugar is trading at $11.95.

The FOB indication for raw sugar was at $325-$328 and Indian White Sugar at $342-$345.

The demand of Raw Sugar range was ₹20300-20500/mt and White Sugar ₹21500-₹21800/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.266 meanwhile USD traded with BRL at 3.9172, Crude Futures traded at ₹3774, Crude WTI is trading at $54.39

Indices: Indian markets rose to record highs today, with both Sensex and Nifty hitting new milestones. The Sensex ended 553 points higher at 40,267, a record closing high. Similarly, Nifty also took out the 12,000 level by settling at 12,088, up 65.75 points at 12,088.55.

Daily Sugar Market Update By ‘Vizzie’

ChiniMandi, Mumbai – Tuesday 4th June 2019

Domestic: With the heavy announced quota for the month of June the market was comparatively slow nationwide . In Maharashtra, Mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, the rates are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3260 to 3310. In resale, the market rates are Rs.3240 to 3290. In Gujarat, S/30 is trading at Rs.3120 to 3180. In Tamil Nadu, Mill trades are taking place at Rs.3285 to Rs.3350 excluding GST.

International: The market continued to take an uptrend.
London White Sugar is trading at $332.10 whereas US Sugar is trading at $12.13

The FOB indication for raw sugar was at $332-$335 and Indian White Sugar at $348-$350.

The demand of Raw Sugar range was ₹20800-21100/mt and White Sugar ₹21800-₹22000/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.267 meanwhile USD traded with BRL at 3.884, Crude Futures traded at ₹3676, Crude WTI is trading at $52.95.

Indices: The benchmark index of Bombay Stock Exchange (BSE) on Tuesday slipped by 184.08 points to settle at 40,083.54 on profit booking by local operators at higher level.

The Nifty of National Stock Exchange (NSE) dropped by 66.90 points at 12,021.65.

Daily Sugar Market Update By ‘Vizzie’

ChiniMandi, Mumbai – Wednesday 5th June 2019

Domestic: With the heavy announced quota for the month of June the market was comparatively slow nationwide . In Maharashtra, Mills are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell, the rates are Rs.3040 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3260 to 3310. In resale, the market rates are Rs.3240 to 3290. In Gujarat, S/30 is trading at Rs.3120 to 3180. In Tamil Nadu, Mill trades are taking place at Rs.3285 to Rs.3350 excluding GST.

International: The market continued to take an uptrend.

London White Sugar is trading at $337.40 whereas US Sugar is trading at $12.36.

The FOB indication for raw sugar was at $332-$335 and Indian White Sugar at $348-$350.

The demand of Raw Sugar range was ₹20800-21100/mt and White Sugar ₹21800-₹22000/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.32 meanwhile USD traded with BRL at 3.856, Crude Futures traded at ₹3692, Crude WTI is trading at $53.14.

Daily Sugar Market Update By ‘Vizzie’

ChiniMandi, Mumbai – Friday 7th June 2019
Indian: With the delayed monsoon the sugar prices in the market were yet firm nationwide. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell price are Rs.3040 to 3070. In Uttar Pradesh, Mill sales are taking place at Rs.3260 to 3320. In resale, the sugar market rates are Rs.3250 to 3300. In Gujarat, S/30 is trading at Rs.3140 to 3200. In Tamil Nadu, Mill trades are taking place at Rs.3250 to Rs.3350 excluding GST.

International: Sugar market was stable.

London White Sugar price is trading at $338.70 whereas US Sugar prices is trading at $12.48.

The FOB indication for raw sugar price was at $332-$335 and Indian White Sugar at $348-$350.

The demand of Raw Sugar range was ₹20800-21100/mt and White Sugar ₹21800-₹22000/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.48 meanwhile USD traded with BRL at 3.8751, Crude Futures traded at ₹3713, Crude WTI is trading at $53.38.

Indices: The BSE Sensex close on Friday recovered by 86.18 points to end positive at 39,615.90, snapping a losing streak of last two sessions on fresh gains in IT, Telecom, Bankex and Consumer Durable stocks. Nifty of National Stock Exchange (NSE) rose by 26.90 points at 11,870.65.

Daily Sugar Market Update By ‘Vizzie’

ChiniMandi, Mumbai –Wednesday 12 June 2019

Indian: The market witnessed poor demand nationwide. Sugar mills in Maharashtra, are opening their rates at Rs.3100 to Rs.3140/Qntl, whereas in Resell price are Rs.3050 to 3080. In Uttar Pradesh, Mill sales are taking place at Rs.3260 to 3320. In resale, the sugar market rates are Rs.3250 to 3300. In Gujarat, S/30 is trading at Rs.3140 to 3200. In Tamil Nadu, Mill trades are taking place at Rs.3235 to Rs.3350 excluding GST.

International: The Sugar market was stable. London White Sugar is trading at $333.90 whereas US Sugar is trading at $12.52.

The FOB indication for raw sugar price was at $332-$335 and Indian White Sugar at $348-$350.

The demand of Raw Sugar range was ₹20800-21100/mt and White Sugar ₹21800-₹22000/MT on Ex.factory basis.

Currency & Commodity: The rupee was trading against the US dollar at 69.323 meanwhile USD traded with BRL at 3.8559, Crude Futures traded at ₹3595, Crude WTI is trading at $51.75.

Indices: Indian indices finished the day on negative note with Nifty able to hold 11,900 level. At close, the Sensex was down 193.65 points at 39,756.81, while Nifty was down 59.40 points at 11,906.20.