Daily Sugar Market Update By Vizzie – 17/08/2021

ChiniMandi, Mumbai: Tuesday 17th August 2021

Domestic Market:
Domestic Market Scenario:
The market sentiments have been witnessing good demand, sugar prices have been booming up.
State wise Prices as on 17th August 2021 :

◾ Maharashtra: S/30 Sugar rates from millers are ₹3325 to ₹3400/Qntl. whereas M/30 is at ₹3435 to 3600/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3350 to 3450/Qntl. whereas M/30 is at ₹3450 to 3600/Qntl.
◾ Uttar Pradesh: The rate for M/30 is ₹3620 to 3650/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3450 to 3491/Qntl. whereas M/30 rates are at ₹3521 to 3601/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3550 to 3600/Qntl. whereas M/30 rates are at ₹3600 to 3650/Qntl.

(All the above rates are excluding GST)

International Market:

Yesterday’s Closing:
Sugar prices have been skyrocketing since the last 8 to 10 days. On Monday London White Sugar closed at $496.30/ton up $5.20 whereas New York Sugar closed at 20.03 cents per pound, up 0.08 points.

Market Today :
The London White Sugar front month contract is trading at $504.50/tn whereas the New York Sugar front month contract is trading at 20.29/lb.

“Sugar & Ethanol Overview” in conversation with Mr. Eduardo Leao de Sous, Executive Director – UNICA
In a recent conversation with ChiniMandi News, Mr. Eduardo Leão de Sous, Executive Director of UNICA shared his views on Brazilian crop, view on the global scenario and India’s way forward towards ethanol.

To read more click here

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 74.335 whereas USD was trading with BRL at 5.2611 Crude futures traded at Rs.4970, Crude WTI traded at $66.61 a barrel. Sensex closed 55,792.27 points higher at 16,614.60 whereas Nifty ended 51.55 points higher at 16,614.60.

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