Daily Sugar Market Update By Vizzie – 08/10/2021

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ChiniMandi, Mumbai: 8th October 2021

Domestic Market:

Market Scenario:
The market witnessed moderate demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3370 to ₹3425/Qntl. whereas M/30 ₹3475 to 3610/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3400 to 3470/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3740 to 3800/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3401 to 3511/Qntl. whereas M/30 rates are at ₹3521 to 3601
◾ Tamil Nadu: S/30 Sugar rates are ₹3660 to 3700/Qntl. whereas M/30 rates are at ₹3750/Qntl.

(All the above rates are excluding GST

International Market:

Yesterday’s Closing:
On Wednesday sugar sugar prices closed higher on strength in crude prices. London White Sugar closed at $510.50/ton whereas New York Sugar closed down at 19.84 cents per pound.

Market Today:
The London White Sugar front month contract is trading at $514.30/ton whereas the New York Sugar front month contract is trading at 19.94/lb.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.876 whereas USD was trading with BRL at 5.4998 Crude futures traded at Rs.5980 Crude WTI traded at $79.84 a barrel. Sensex closed 381.23 points higher at 60,059.06 whereas Nifty ended 104.85 points higher at 17895.20

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