ChiniMandi, Mumbai: Saturday 7th August 2021
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)
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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