Daily Sugar Market Update By Vizzie – 16/01/2021

ChiniMandi, Mumbai: Saturday, 16th January 2020
Domestic Market: The market was stable.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl. whereas M/30 ₹3180 to 3250. In the resale market S/30 is trading at ₹2955 to ₹3000
South Karnataka: The rates for S/30 at ₹3075 to 3100 whereas, M/30 rates are ₹3120 to 3150.
Uttar Pradesh: The rates for M/30 are ₹3230
Gujarat: The rates for S/30 are ₹3101 whereas M/30 are at ₹3141/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3200 to 3260 whereas, M/30 rates are 3250 to 3300.
(All the above rates are excluding GST)

International Market: According to reports on Friday sugar prices settled lower on dollar strength and weak crude oil prices.
March New York sugar #11 (SBH21) on Friday closed down -0.22 at 16.45 and March London white sugar #5 (SWH21) closed down -2.70 at $461.70.

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