ChiniMandi, Mumbai: 6th October 2021
Domestic Market:
Market Scenario:
The market witnessed moderate demand.
State wise prices today
тЧ╛ Maharashtra:S/30 Sugar rates from millers are тВ╣3370 to тВ╣3425/Qntl. whereas M/30 тВ╣3475 to 3610/Qntl.
тЧ╛ Karnataka : S/30 Sugar rates were тВ╣3400 to 3470/Qntl.
тЧ╛ Uttar Pradesh: The rates for M/30 were at тВ╣3700 to 3750/Qntl.
тЧ╛ Gujarat: S/30 Sugar rates are тВ╣3381 to 3481/Qntl. whereas M/30 rates are at тВ╣3521 to 3571.
тЧ╛ Tamil Nadu: S/30 Sugar rates are тВ╣3640 to 3700/Qntl. whereas M/30 rates are at тВ╣3725/Qntl.
(All the above rates are excluding GST)
International Market:
YesterdayтАЩs Closing:
On Tuesday sugar sugar prices closed slightly higher on a strength in crude oil prices that rallied to a over 6 year high.
London White Sugar closed at $507.50/ton up $4.90 whereas New York Sugar closed down 0.16 points up at 19.85 cents per pound.
Market Today:
The London White Sugar front month contract is trading at $508.80/ton whereas the New York Sugar front month contract is trading at 19.80/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 тВ╣31500 to тВ╣31700 on ex factory basis. Demand for Raw sugar of the 2020/21 icumsa between 600-1200 is at тВ╣30600 to тВ╣31700 factory basis.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.870 whereas USD was trading with BRL at 5.4920 Crude futures traded at Rs.5861 Crude WTI traded at $78.36 a barrel. Sensex closed 555.15 points lower at 59189.73 whereas Nifty ended 176.30 points lower at 17646.00.
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