Daily Sugar Market Update By Vizzie – 15/12/2021

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ChiniMandi, Mumbai: 15th December 2021

Domestic Market

The market witnessed good demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3190 to ₹3260/Qntl. whereas M/30 ₹3300 to 3350/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3325 to 3375/Qntl. whereas M/30 ₹3400v to 3450/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3490 to 3515/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3281 to 3501/Qntl. whereas M/30 rates are at ₹3351 to 3401/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3480 to 3525/Qntl. whereas M/30 rates are at ₹3530 to 3550/Qntl.

(All the above rates are excluding GST)

International Market Today:

The London White Sugar front month contract is trading at $506/ton whereas the New York Sugar front month contract is trading at 19.45/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.7047, Crude futures traded at Rs.5332 Crude WTI traded at $69.77 a barrel. Sensex closed 329.06 points lower at 57,788.03 whereas Nifty ended 103.50 points lower at 17,221.40

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