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


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..

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