Daily Sugar Market Update By Vizzie – 18/09/2021

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ChiniMandi, Mumbai: Saturday 18th September 2021

Domestic Market:

The market witnessed scanty demand.

State wise Prices as on 18th September 2021 :

◾ Maharashtra: S/30 Sugar rates from millers are ₹3400 to ₹3480/Qntl. whereas M/30 is at ₹3530 to 3625/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3475 to 3525/Qntl. whereas M/30 is at ₹3575 to 3600/Qntl.
◾ Uttar Pradesh: The rate for M/30 is ₹3725 to 3800/Qntl.
◾ Gujarat : S/30 Sugar rates were ₹3490 to 3511/Qntl. whereas M/30 is at ₹3581 to 3601/Qntl.
◾ Tamil Nadu: S/30 Sugar rates were at ₹3625 to 3675/Qntl. whereas M/30 rates were at ₹3700 to 3725/Quintal.

(All the above rates are excluding GST.

International Market:

Yesterday’s Closing :

On Friday sugar prices closed moderately lower on a weakness in crude prices. Crude prices fell -1%, this mainly undercuts ethanol prices and becomes bearish for sugar.
London White Sugar closed at $504.80/ton down $8.10 whereas New York Sugar closed lower -0.31 points at 19.18 cents per pound.

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