ChiniMandi, Mumbai: Monday 9th August 2021
Domestic Market Scenario:
The market was stable
State wise Prices as on 9th August 2021 :
◾ Maharashtra: S/30 Sugar rates from millers are ₹3130 to ₹3190/Qntl. whereas M/30 ₹3200 to 3250/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3260 to 3285/Qntl. whereas M/30 is at ₹3290 to 3335.
◾ Uttar Pradesh: The rate for M/30 is ₹3390/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3181 to 3191/Qntl. whereas M/30 rates are at ₹3291 to 3311/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3300 to 3360/Qntl. whereas M/30 rates are at ₹3350 to 3400/Qntl.
(All the above rates are excluding GST)
On Friday, sugar prices closed mixed on concern that Brazil’s sugar production will sharply decline due to frost and drought damage. London White Sugar closed at $459.60/ton down $2.20 whereas New York Sugar closed at 18.68 cents per pound, up 0.06 points.
Market Today :
The London White Sugar front month contract is trading at $455.90/tn whereas the New York Sugar front month contract is trading at 18.49/lb.
Indian Export Rates Today:
In the Indian market, white sugar for the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹29500 to ₹29700 on ex factory basis – ready delivery for season 2020-21. Demand for Raw sugar of the season 2020/21 icumsa between 600-1200 is at ₹29200 to ₹29500 factory basis for forward contract with delivery in Nov/Dec 2021 for season 2021-22.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.285 whereas USD was trading with BRL at 5.2318 Crude futures traded at Rs.4866, Crude WTI traded at $65.42 a barrel. Sensex closed 125.13 points higher at 54,402.85 whereas Nifty ended 20.05 points higher at 16,258.25.
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