Daily Sugar Market Update By Vizzie – 18/11/2021

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ChiniMandi, Mumbai: 18th November 2021

Domestic Market:

Sugar Market Scenario:

The market witnessed scanty demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3180 to ₹3230/Qntl. whereas M/30 ₹3250 to 3280/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3250 to 3345/Qntl. whereas M/30 ₹3260 to 3310/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3520 to 3560/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3261 to 3341/Qntl. whereas M/30 rates are at ₹3361 to 3421/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3350 to 3525/Qntl. whereas M/30 rates are at ₹3400 to 3525/Qntl.

(All the above rates are excluding GST)

International Market:

Market Today:

The London White Sugar front month contract is trading at $523.80/ton whereas the New York Sugar front month contract is trading at 20.52/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.5406 Crude futures traded at Rs.5760 Crude WTI traded at $77.03 a barrel. Sensex closed 372.32 points lower at 59,636.01 whereas Nifty ended 133.85 points lower at 17,764.80.

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