ChiniMandi, Mumbai: Monday 8th March 2021
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 ₹3020 to ₹3055 whereas M/30 is trading at ₹3065 to ₹3190.
South Karnataka: S/30 rates are ₹3150 to 3175. M/30 rates are ₹3225.
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 ₹3190 to 3250 whereas, M/30 rates are 3240 to 3275.
(All the above rates are excluding GST)
On Friday sugar prices settled moderately higher on strength in crude oil prices.
At the time of writing this update London White Sugar front month contract is trading at $464.60/tn, whereas New York Sugar front month contract is trading at 16.43/lb.
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.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 73.304 whereas USD was trading with BRL at 5.7393 Crude futures traded at Rs.4877, Crude WTI traded at $66.34 a barrel. Sensex closed 35.75 points higher at 50,441.07 whereas Nifty ended 18.10 points higher at 14,956.20.
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