Daily Sugar Market Update By Vizzie – 16/12/2021

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ChiniMandi, Mumbai: 16th 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 ₹3300 to 3350/Qntl. whereas M/30 ₹3310 to 3400/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3450 to 3475/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3295 to 3421/Qntl. whereas M/30 rates are at ₹3361 to 3511/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 $506.40/ton whereas the New York Sugar front month contract is trading at 19.44/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.6789, Crude futures traded at Rs.5435, Crude WTI traded at $71.27 a barrel. Sensex closed 113.11 points higher at 59,901.14 whereas Nifty ended 27 points higher at 17,248.40.

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