Daily Sugar Market Update By Vizzie – 06/01/2021

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ChiniMandi, Mumbai: Wednesday 6th January 2020

Domestic Market:
The market witnessed moderate demand.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl. whereas M/30 ₹3180 to 3250. In the resale market S/30 is trading at ₹2980 to ₹3030
South Karnataka: The rates for S/30 at ₹3100 to 3200 whereas, M/30 rates are ₹3140 to 3250.

Uttar Pradesh: The rates for M/30 are ₹3230
Gujarat: The rates for S/30 are ₹3101 whereas M/30 are at ₹3111/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3240 to 3350 whereas, M/30 rates are 3300 to 3325.
(All the above rates are excluding GST)

International Market:
The market has been in the green with continued support from strong demand from Asia.

At the time of writing this update London White Sugar front month contract is trading at $432.60/tn, whereas New York Sugar front month contract is trading at 15.82 c/lb.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 73.085 whereas USD was trading with BRL at 5.2842 Crude futures traded at Rs.3642, Crude WTI traded at $49.75 a barrel. Sensex closed 263.72 points lower at 48174.06 whereas Nifty ended 53.25 points lower at 14,146.25.

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