Daily Sugar Market Update By Vizzie – 09/12/2021

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ChiniMandi, Mumbai: 9th December 2021

Domestic Market:

Sugar Market Scenario:

The market witnessed moderate demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3230 to ₹3260/Qntl. whereas M/30 ₹3290 to 3350/Qntl.

◾ Karnataka : S/30 Sugar rates were ₹3300 to 3375/Qntl. whereas M/30 ₹3425/Qntl.

◾ Uttar Pradesh: The rates for M/30 were at ₹3520 to 3550/Qntl.

◾ Gujarat: S/30 Sugar rates are ₹3271 to 3301/Qntl. whereas M/30 rates are at ₹3371 to 3471/Qntl.

◾ Tamil Nadu: S/30 Sugar rates are ₹3375 to 3525/Qntl. whereas M/30 rates are at ₹3510 to 3550/Qntl.

(All the above rates are excluding GST)

International Market:
Market Today:

The London White Sugar front month contract is trading at $508.50/ton whereas the New York Sugar front month contract is trading at 19.59/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.5513, Crude futures traded at Rs.5430 Crude WTI traded at $71.76 a barrel. Sensex closed 157.45 points higher at 58,807.13 whereas Nifty ended 47.10 points higher at 17,516.85

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