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

ChiniMandi, Mumbai: Thursday 9th September 2021

Domestic Market:

The market witnessed moderate demand. Sugar prices remained stable. .
State wise Prices as on 9th 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 Wednesday sugar prices closed mixed. London White Sugar closed at $481.50/ton down $1.10 whereas New York Sugar closed up 0.01 points at 19.49 cents per pound.

Market Today :
The London White Sugar front month contract is trading at $474.30/tn whereas the New York Sugar is trading at 19.25/lb.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.552 whereas USD was trading with BRL at 5.2898 Crude futures traded at Rs.5075, Crude WTI traded at $69.03 a barrel. Sensex closed 54.81 points higher at 58,305.87 whereas Nifty ended 15.75 points higher at 17,369.25


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