ChiniMandi, Mumbai: Saturday 20th February 2021
The market witnessed moderate demand, prices remained firm.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3130/Qntl. whereas M/30 ₹3210 to 3250. In the resale market S/30 is trading at ₹3010 to ₹3065 whereas M/30 is trading at ₹3060 to ₹3200.
South Karnataka: The rates for S/30 at ₹3140 to 3150 whereas, M/30 rates are ₹3130 to 3200
Uttar Pradesh: The rates for M/30 are ₹3210 to 3230
In Gujarat: The rates for old S/30 and M/30 3111 an d new M/30 are prevailing at ₹3131 to 3141
Tamil Nadu: S/30 Sugar rates are ₹3200 to 3300 whereas, M/30 rates are 3250 to 3275.
(All the above rates are excluding GST)
On Friday, sugar prices extended the week’s rally on concern about smaller global supplies continuing to fuel fund buying of sugar futures.
March New York world sugar #11 (SBH21) closed up +0.28 (+1.60%) at 17.79/lb, and May London white sugar #5 (SWK21) closed up +8.20 (+1.73%) at $481.40/ton.
In the Indian market, white sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at Rs.26000 to Rs.26100 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600- 1200 is at Rs.25900 to Rs.26000 factory basis.
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