Daily Sugar Market Update By ‘Vizzie’

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.

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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.

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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.

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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.

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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.

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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.