ChiniMandi, Mumbai: 5th October 2021
The market witnessed moderate demand.
State wise prices today
◾ Maharashtra:S/30 Sugar rates from millers are ₹3375 to ₹3440/Qntl. whereas M/30 ₹3490 to 3630/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3430 to 3475Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3725 to 3750/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3411 to 3501/Qntl. whereas M/30 rates are at ₹3541 to 3591.
◾ Tamil Nadu: S/30 Sugar rates are ₹3620 to 3650/Qntl. whereas M/30 rates are at ₹3700/Qntl.
(All the above rates are excluding GST
On Monday sugar sugar prices closed lower after reports came on the outlook of abundant exports from India and the weakness in Brazilian Real.
London White Sugar closed at $502.60/ton down $8.30 whereas New York Sugar closed down 0.37 points down at 19.69 cents per pound.
The London White Sugar front month contract is trading at $511.30/ton whereas the New York Sugar front month contract is trading at 19.96/lb.
Indian Export Rates Today
In the Indian market, white sugar for the season 2021/22 icumsa 100 delivery November and December 2021 for exports is trading at ₹31500 to ₹31700 on ex factory basis. Demand for Raw sugar of the 2020/21 icumsa between 600-1200 is at ₹30600 to ₹31700 factory basis.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.561 whereas USD was trading with BRL at 5.4674 Crude futures traded at Rs.5901 Crude WTI traded at $79.12 a barrel. Sensex closed 445.56 points higher at 59744.88 whereas Nifty ended 131.05 points higher at 17,822.30.