Daily Sugar Market Update By Vizzie -08/09/2021

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ChiniMandi, Mumbai: Wednesday 8th September 2021

Domestic Market:
The market witnessed scanty demand. Sugar prices are moderately lower across India.
State wise Prices as on 8th September 2021 :

◾ Maharashtra: S/30 Sugar rates from millers are ₹3350 to ₹3450/Qntl. whereas M/30 is at ₹3520 to 3600/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3420 to 3460/Qntl. whereas M/30 is at ₹3500 to 3570/Qntl.
◾ Uttar Pradesh: The rate for M/30 is ₹3550 to 3600/Qntl.
◾ Gujarat : S/30 Sugar rates were ₹3471 to 3501/Qntl. whereas M/30 is at ₹3581 to 3601/Qntl.
◾ Tamil Nadu: S/30 Sugar rates were at ₹3600 to 3700/Qntl. whereas M/30 rates were at ₹3650 to 3700/Quintal.
(All the above rates are excluding GST.

International Market:
Yesterday’s Closing:
On Tuesday sugar prices closed moderately lower on Brazilian crop concerns. London White Sugar closed at $482.60/ton down $4.10 whereas New York Sugar closed down 0.14 points at 19.48 cents per pound.

Market Today :
The London White Sugar front month contract is trading at $484.70/tn whereas the New York Sugar is trading at 19.61/lb.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.642 whereas USD was trading with BRL at 5.2213 Crude futures traded at Rs.5113, Crude WTI traded at $69.44 a barrel. Sensex closed 29.22 points lower at 58,250.26 whereas Nifty ended 8.60 points lower at 17,353.50

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