Daily Sugar Market Update By Vizzie – 07/08/2021

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ChiniMandi, Mumbai: Saturday 7th August 2021

Domestic Market:

Domestic Market Scenario:
The market was stable in parts of Maharashtra, Uttar Pradesh and Karnataka. Good demand was witnessed in Gujarat.
State wise Prices as on 7th August 2021 :
◾ Maharashtra: S/30 Sugar rates from millers are ₹3140 to ₹3190/Qntl. whereas M/30 ₹3200 to 3275/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3270 to 3300/Qntl. whereas M/30 is at ₹3300
◾ Uttar Pradesh: The rate for M/30 is ₹3400/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3181 to 3191/Qntl. whereas M/30 rates are at ₹3291 to 3311/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3325 to 3360/Qntl. whereas M/30 rates are at ₹3375 to 3400/Qntl.
(All the above rates are excluding GST)

International Market:
Yesterday’s Closing:
On Friday, sugar prices closed mixed on concern that Brazil’s sugar production will sharply decline due to frost and drought damage. London White Sugar closed at $459.60/ton down $2.20 whereas New York Sugar closed at 18.68 cents per pound, up 0.06 points.

Indian Export Rates Today:
In the Indian market, white sugar for the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹29000 to ₹29200 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600-1200 is at ₹28400 to ₹28600 factory basis.
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