Daily Sugar Market Update By Vizzie – 02/11/2021

ChiniMandi, Mumbai: 2nd November 2021

Domestic Market:

Market Scenario:

The market witnessed moderate demand.

State wise prices today

โ—พ Maharashtra:S/30 Sugar rates from millers are โ‚น3230 to โ‚น3310/Qntl. whereas M/30 โ‚น3275 to 3375/Qntl.
โ—พ Karnataka : S/30 Sugar rates were โ‚น3330 to 3370/Qntl. whereas M/30 โ‚น3375 to 3425/Qntl.
โ—พ Uttar Pradesh: The rates for M/30 were at โ‚น3725 to 3750/Qntl.
โ—พ Gujarat: S/30 Sugar rates are โ‚น3371 to 3481/Qntl. whereas M/30 rates are at โ‚น3471 to 3561/Qntl.
โ—พ Tamil Nadu: S/30 Sugar rates are โ‚น3525 to 3600/Qntl. whereas M/30 rates are at โ‚น3575 to 3650/Qntl.

(All the above rates are excluding GST)

International Market:
Market Today:

The London White Sugar front month contract is trading at $515.30/ton whereas the New York Sugar front month contract is trading at 19.60/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 74.656 whereas USD was trading with BRL at 5.6802 Crude futures traded at Rs.6233 Crude WTI traded at $83.27 a barrel. Sensex closed 109.49 points lower at 60,029.06 whereas Nifty ended40.70 points lower at 17,888.95.

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