ChiniMandi, Mumbai: Tuesday 7th September 2021
Domestic Market:
The market witnessed scanty demand. Sugar prices are moderately lower across India.
State wise Prices as on 7th September 2021 :
тЧ╛ Maharashtra: S/30 Sugar rates from millers are тВ╣3350 to тВ╣3450/Qntl. whereas M/30 is at тВ╣3520 to 3600/Qntl.
тЧ╛ Karnataka : S/30 Sugar rates were тВ╣3450 to 3500/Qntl. whereas M/30 is at тВ╣3530 to 3500/Qntl.
тЧ╛ Uttar Pradesh: The rate for M/30 is тВ╣3600/Qntl.
тЧ╛ Gujarat : S/30 Sugar rates were тВ╣3471 to 3501/Qntl. whereas M/30 is at тВ╣3581 to 3601/Qntl.
тЧ╛ Tamil Nadu: S/30 Sugar rates were at тВ╣3625 to 3680/Qntl. whereas M/30 rates were at тВ╣3675 to 3700/Quintal.
(All the above rates are excluding GST.
International Market:
YesterdayтАЩs Closing:
On Monday sugar prices closed moderately lower on Brazilian crop concerns. London White Sugar closed at $486.70/ton down $3.80 whereas New York Sugar did not trade due to Labor Holiday in the USA. .
Market Today:
The London White Sugar front month contract is trading at $485.30/tn whereas the New York Sugar is trading at 19.51/lb.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.484 whereas USD was trading with BRL at 5.1706 Crude futures traded at Rs.5002, Crude WTI traded at $68.02 a barrel. Sensex closed 17.43 points lower at 58,279.48 whereas Nifty ended 15.70 points lower at 17,362.10.
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