Daily Sugar Market Update By Vizzie -13/09/2021

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ChiniMandi, Mumbai: Monday, 13th September 2021

Domestic Market:
State wise Prices as on 13th September 2021 :

Markets witnessed scanty demand. Heavy rains in various parts of Maharashtra, Karnataka and Saurashtra kept the trade operations slow.
◾ 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:

Market Today:
The London White Sugar front month contract is trading at $471.10/tn whereas the New York Sugar is trading at 18.67/lb.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.642 whereas USD was trading with BRL at 5.2314 Crude futures traded at Rs.5209, Crude WTI traded at $70.72 a barrel. Sensex closed 127.31 points lower at 58,177.76 whereas Nifty ended 13.95 points lower at 17,355.30.

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