ChiniMandi, Mumbai: Monday 16th August 2021
Domestic Market:
Market Overview :
The market sentiments have been quite positive throughout two weeks.. Good demand has also been witnessed with sugar prices soaring up. Click here for more details┬а
State wise Prices as on 16th August 2021 :
Maharashtra: S/30 Sugar rates from millers are тВ╣3250 to тВ╣3350/Qntl. whereas M/30 is at тВ╣3375 to 3475/Qntl.
Karnataka : S/30 Sugar rates were тВ╣3300 to 3350/Qntl. whereas M/30 is at тВ╣3400 to 3450/Qntl.
Uttar Pradesh: The rate for M/30 is тВ╣3570 to 3600/Qntl.
Gujarat: S/30 Sugar rates are тВ╣3321 to 3351/Qntl. whereas M/30 rates are at тВ╣3421 to 3501/Qntl.
Tamil Nadu: S/30 Sugar rates are тВ╣3450 to 3500/Qntl. whereas M/30 rates are at тВ╣3500 to 3550/Qntl.
(All the above rates are excluding GST)
Indian Sugar Exports
According to latest reports by the Department of Food & Public Distribution, in 2021, approximately 60.01 LMT of sugar has been dispatched from sugar mills for export. Out of which more than 16 LMT i.e more than 26.67% of the Indian sugar exports has been exported to Indonesia and more than 6 LMT to Afghanistan. To read more click here
International Market:
YesterdayтАЩs Closing:
Sugar prices have been skyrocketing throughout the whole last week with concerns on the Brazilian crop. On Friday London White Sugar closed at $491.10/ton up $15 whereas New York Sugar closed at 19.95 cents per pound, up 0.41 points. To know more, click here and read our latest episode on the Weekly Comment – World Sugar Market
Market Today :
The London White Sugar front month contract is trading at $498.20/tn whereas the New York Sugar front month contract is trading at 20.12/lb.
Indian Export Rates Today:
In the Indian market, white sugar for the season 2020/21 icumsa 100 ready delivery for exports is trading at тВ╣31500 to тВ╣32000 on ex factory basis – ready delivery for season 2020-21. Demand for Raw sugar of the season 2020/21 icumsa between 600-1200 is at тВ╣31000 to тВ╣31300 factory basis for forward contract with delivery in Nov/Dec 2021 for season 2021-22.
тАЬSugar & Ethanol OverviewтАЭ in conversation with Mr. Eduardo Leao de Sous, Executive Director тАУ UNICA
In a recent conversation with ChiniMandi News, Mr. Eduardo Le├гo de Sous, Executive Director of UNICA shared his views on Brazilian crop, view on the global scenario and IndiaтАЩs way forward towards ethanol. To read more click here
