Daily Sugar Market Update By Vizzie – 12/01/2022

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ChiniMandi, Mumbai: 12th January 2022

Domestic Market

The market witnessed good demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3150 to ₹3225/Qntl. whereas M/30 ₹3245 to 3325/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3250 to 3300/Qntl. whereas M/30 ₹3300 to 3350/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3475 to 3510/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3261 to 3381/Qntl. whereas M/30 rates are at ₹3351 to 3451/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3425 to 3500/Qntl. whereas M/30 rates are at ₹3475 to 3550/Qntl.

(All the above rates are excluding GST)

International Market Today:

The London White Sugar front month contract is trading at $495.40/ton, whereas the New York Sugar front month contract is trading at 18.25/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 73.917 whereas USD was trading with BRL at 5.5691, Crude futures traded at Rs.6044, Crude WTI traded at $81.89 barrel. Sensex closed 533.15 points higher at 61,150.04 whereas Nifty ended 156.60 points higher at 18,212.35

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