Daily Sugar Market Update By Vizzie – 13/12/2021

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ChiniMandi, Mumbai: 13th December 2021

Domestic Market:

Sugar Market Scenario:

The market witnessed good 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 ₹3350 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 ₹3281 (old S) to 3501 (new S)/Qntl. whereas M/30 rates are at ₹3351 to 3401/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3500 to 3525/Qntl. whereas M/30 rates are at ₹3550 to 3575/Qntl.

(All the above rates are excluding GST)

Market Today:

The London White Sugar front month contract is trading at $510/ton whereas the New York Sugar front month contract is trading at 19.65/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.6303, Crude futures traded at Rs.5417 Crude WTI traded at $71.47 a barrel. Sensex closed 503.25 points lower at 58,283.42 whereas Nifty ended 143.05 points lower at 17,368.25

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