ChiniMandi, Mumbai: Tuesday 3rd August 2021
Domestic Market:
Domestic Market Scenario:
The market sentiments are positive, prices have been tsurging since last week and massive profit bookings have been observed by traders.
State wise Prices as on 3rd August 2021:
тЧ╛ Maharashtra: S/30 Sugar rates from millers are тВ╣3150 to тВ╣3200/Qntl. whereas M/30 тВ╣3210 to 3285/Qntl.
тЧ╛ Karnataka : S/30 Sugar rates were тВ╣3250 to 3300/Qntl.
тЧ╛ Uttar Pradesh: The rate for M/30 is тВ╣3350/Qntl.
тЧ╛ Gujarat: S/30 Sugar rates are тВ╣3151 to 3171/Qntl. whereas M/30 rates are at тВ╣3251 to 3281/Qntl.
тЧ╛ Tamil Nadu: S/30 Sugar rates are тВ╣3325/Qntl. whereas M/30 rates are at тВ╣3375/Qntl.
(All the above rates are excluding GST)
International Market:
YesterdayтАЩs Closing:
On Monday, sugar prices closed moderately higher on concerns over Brazil’s sugarcane crop.
Market Today:
London White Sugar front month contract is trading at $445.20/tn whereas New York Sugar front month contract is trading at 17.83/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╣29000 to тВ╣29200 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600-1200 is at тВ╣28400 to тВ╣28600 factory basis.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.243 whereas USD was trading with BRL at 5.2420 Crude futures traded at Rs.5177, Crude WTI traded at $69.66 a barrel. Sensex closed 872.73 points higher at 52,823.36 whereas Nifty ended 245.80 points higher at 16,130.75.
