ChiniMandi, Mumbai: Wednesday 8th September 2021
Domestic Market:
The market witnessed scanty demand. Sugar prices are moderately lower across India.
State wise Prices as on 8th September 2021 :
тЧ╛ Maharashtra: S/30 Sugar rates from millers are тВ╣3350 to тВ╣3450/Qntl. whereas M/30 is at тВ╣3520 to 3600/Qntl.
тЧ╛ Karnataka : S/30 Sugar rates were тВ╣3420 to 3460/Qntl. whereas M/30 is at тВ╣3500 to 3570/Qntl.
тЧ╛ Uttar Pradesh: The rate for M/30 is тВ╣3550 to 3600/Qntl.
тЧ╛ Gujarat : S/30 Sugar rates were тВ╣3471 to 3501/Qntl. whereas M/30 is at тВ╣3581 to 3601/Qntl.
тЧ╛ Tamil Nadu: S/30 Sugar rates were at тВ╣3600 to 3700/Qntl. whereas M/30 rates were at тВ╣3650 to 3700/Quintal.
(All the above rates are excluding GST.
International Market:
YesterdayтАЩs Closing:
On Tuesday sugar prices closed moderately lower on Brazilian crop concerns. London White Sugar closed at $482.60/ton down $4.10 whereas New York Sugar closed down 0.14 points at 19.48 cents per pound.
Market Today :
The London White Sugar front month contract is trading at $484.70/tn whereas the New York Sugar is trading at 19.61/lb.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.642 whereas USD was trading with BRL at 5.2213 Crude futures traded at Rs.5113, Crude WTI traded at $69.44 a barrel. Sensex closed 29.22 points lower at 58,250.26 whereas Nifty ended 8.60 points lower at 17,353.50
