Daily Sugar Market Update By Vizzie – 01/03/2021

ChiniMandi, Mumbai: Monday 01st March 2021

Domestic Market:
The market was steady, prices remained firm.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3130/Qntl. whereas M/30 ₹3210 to 3250. In the resale market S/30 is trading at ₹3010 to ₹3065 whereas M/30 is trading at ₹3060 to ₹3200.
South Karnataka: S/30 rates are ₹3140 to 3175. M/30 rates are ₹3150 to 3225.
Uttar Pradesh: The rates for M/30 are ₹3150 to 3200
In Gujarat: The rates for old S/30 and ₹M/30 3101 to 3111 and new S/30 are prevailing at ₹3121 new M/30 ₹3121 to 3141
Tamil Nadu: S/30 Sugar rates are ₹3180 to 3250 whereas, M/30 rates are 3230 to 3275
(All the above rates are excluding GST)

International Market:
On Friday sugar prices closed low on weakness in crude prices and a slump in the Brazilian real New York world sugar #11 closed down -0.31 at 17.53/lb, and May London white sugar closed down -12.90 at $455.10/ton.

At the time of writing this update London White Sugar front month contract is trading at $456.30/tn, whereas New York Sugar front month contract is trading at 16.53/lb.

In the Indian market, white sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹26850 to ₹27000 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600- 1200 is at ₹26850 to ₹27000 factory basis.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 73.489 whereas USD was trading with BRL at 5.5989 Crude futures traded at Rs.4592, Crude WTI traded at $62.28 a barrel. Sensex closed 749.85 points higher at 49849.84 whereas Nifty ended 232.40 points higher at 14761.55

To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here