Daily Sugar Market Update By Vizzie – 19/01/2021


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.

To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here