Daily Sugar Market Update By Vizzie – 05/07/2021

322

ChiniMandi, Mumbai: Monday 5th July 2021
Domestic Market:

Market Scenario:
The market witnessed moderate demand.
State wise Prices as on July 05, 2021 :
– Maharashtra:S/30 Sugar rates from millers are ₹3100 to ₹3120/Qntl. whereas M/30 ₹3125 to 3170.
In the resale market S/30 is trading at ₹3020 to ₹3050 whereas M/30 is trading at ₹3070 to ₹3150
– Karnataka : S/30 Sugar rates from millers are ₹3160 to 3200
– Uttar Pradesh: The rates for M/30 are ₹3220 to 3230
– Gujarat: S/30 Sugar rates are ₹3100 to 3121 whereas M/30 rates are at ₹3141 to 3171
– Tamil Nadu: S/30 Sugar rates are ₹3200 to 3250 whereas M/30 rates are at ₹3275
(All the above rates are excluding GST

International Market:
Yesterday’s Closing:

On Friday sugar prices closed higher on concerns over the sugarcane crop in Brazil. London white sugar closed at $450.30/ton down $0.40 whereas raw sugar on the New York Stock Exchange closed at 18.15 cents per pound, up 0.21 points.

Market Today :
London White Sugar front month contract is trading at $454.70/tn whereas New York Sugar is not trading on the occasion of Independence Day in the USA.

Indian Export Rates Today:
In the Indian market, white sugar for the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹28600 to ₹28800 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600-1200 is at ₹28000 to ₹28200 factory basis.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.302 whereas USD was trading with BRL at 5.0512 Crude futures traded at Rs.5605, Crude WTI traded at $74.94 a barrel. Sensex closed 395.33 points higher at 52,880 whereas Nifty ended 112.15 points higher at 15,834.35..

To receive ChiniMandi updates on WhatsApp, please click on the link below.
WhatsApp Group Link

LEAVE A REPLY

Please enter your comment!
Please enter your name here