ChiniMandi, Mumbai: Tuesday 19th January 2021
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 ₹2950 to ₹3025 whereas M/30 is trading at ₹3000 to ₹3060
South Karnataka: The rates for S/30 at ₹3060 to 3100 whereas, M/30 rates are ₹3250 to 3300.
Uttar Pradesh: The rates for M/30 are ₹3230
Gujarat: The rates for S/30 are ₹3101 whereas new M/30 are at ₹3141/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3175 to 3250 whereas, M/30 rates are 3120 to 3150.
(All the above rates are excluding GST)
International Market: At the time of writing this update London White Sugar front month contract is trading at $463.40/tn, whereas New York Sugar front month contract is trading at 16.53/lb.
In the Indian market, White sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at Rs.26300 to Rs. 26400 on ex factory basis.
Demand for Raw sugar of season 2020/21 icumsa between 600- 1200 is at Rs.26200 to Rs.26300 factory basis.
Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.162 whereas USD was trading with BRL at 5.2535 Crude futures traded at Rs.3844, Crude WTI traded at $52.59 a barrel. Sensex closed 834.02 points higher at 49,398.29 whereas Nifty ended 239.85 points higher at 14521.15.
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