Daily Sugar Market Update By Vizzie – 08/11/2021

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ChiniMandi, Mumbai: 8th November 2021

Domestic Market:

Market Scenario:

The market witnessed moderate demand

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3230 to ₹3310/Qntl. whereas M/30 ₹3275 to 3375/Qntl.

◾ Karnataka : S/30 Sugar rates were ₹3325 to 3385/Qntl. whereas M/30 ₹3370 to 3435/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3660 to 3700/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3371 to 3481/Qntl. whereas M/30 rates are at ₹3481 to 3561/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3475 to 3600/Qntl. whereas M/30 rates are at ₹3540 to 3650/Qntl.

(All the above rates are excluding GST)

International Market:
Market Today:

The London White Sugar front month contract is trading at $510.10/ton whereas the New York Sugar front month contract is trading at 19.99/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.5869 Crude futures traded at Rs.6064 Crude WTI traded at $81.72 a barrel. Sensex closed 477.99 points higher at 60,545.61 whereas Nifty ended 151.75 points higher at 18,068.55

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