Daily Sugar Market Update By Vizzie -10/09/2021

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ChiniMandi, Mumbai: Friday 10th September 2021

Domestic Market:
Markets remained closed on occasion of Ganesh Chaturthi. Any small trades that took place were based on yesterday’s rates as below :
◾ 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:
On Thursday sugar prices closed lower on weakness in crude prices.
At the time of writing this update London White Sugar front month contract is trading at $467.50/tn whereas the New York Sugar is trading at 19.00/lb.

Currency, Commodity & Indian Indices: The market remained closed on occasion of Ganesh Chaturthi.

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