Daily Sugar Market Update By Vizzie – 12/10/2021

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ChiniMandi, Mumbai: 12th October 2021

Domestic Market:
Market Scenario:

The market witnessed scanty demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3330 to ₹3390/Qntl. whereas M/30 ₹3425 to 3550/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3375 to 3440/Qntl. whereas M/30 ₹3500 to 3575/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3720 to 3750/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3391 to 3501/Qntl. whereas M/30 rates are at ₹3491 to 3591
◾ Tamil Nadu: S/30 Sugar rates are ₹3620 to 3675/Qntl. whereas M/30 rates are at ₹3700 to 3725/Qntl.

(All the above rates are excluding GST)

International Market:

Yesterday’s Closing:
On Friday sugar sugar prices closed higher on strength in crude prices. London White Sugar closed at $521.90/ton whereas New York Sugar closed down at 20.33 cents per pound.

Market Today:
The London White Sugar front month contract is trading at $521.90/ton whereas the New York Sugar front month contract is trading at 20.27/lb.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 75.505 whereas USD was trading with BRL at 5.5367 Crude futures traded at Rs.6114 Crude WTI traded at $80.94 a barrel. Sensex closed 148.53 points higher at 60,284.31 whereas Nifty ended 46 points higher at 17991.95.

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