Daily Sugar Market Update By Vizzie – 06/03/2021

ChiniMandi, Mumbai: Saturday 6th March, 2021

Domestic Market:
The market witnessed moderate demand.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3130/Qntl. whereas M/30 ₹3210 to 3250. In the resale market S/30 is trading at ₹3030 to ₹3065 whereas M/30 is trading at ₹3075 to ₹3200.
South Karnataka: S/30 rates are ₹3160 to 3195. M/30 rates are ₹3170 to 3250.
Uttar Pradesh: The rates for M/30 are ₹3170 to 3210
Gujarat: The rates for old S/30 and ₹M/30 at 3101 to 3111 and new S/30 are prevailing at ₹3121 new M/30 ₹3121 to 3141
Tamil Nadu: S/30 Sugar rates are ₹3220 to 3270 whereas, M/30 rates are 3295
(All the above rates are excluding GST)

International Market:
On Friday sugar prices settled moderately higher on strength in crude oil prices.
May New York world sugar #11 (SBK21) closed up +0.14 at 16.40/lb (+0.86%), and May London white sugar #5 (SWK21) closed up +1.50 at $463.50/ton (+0.32%).

In the Indian market, white sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹27150 to ₹27250 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600- 1200 is at ₹27000 to ₹27150 factory basis.

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