Daily Sugar Market Update By Vizzie – 20/04/2021

403

ChiniMandi, Mumbai: Tuesday 20th April 2021
Domestic Market:
The market witnessed moderate demand. According to marketmen logistics is becoming a worrisome issue leaving liftings & deliveries delayed.
In Maharashtra: S/30 Sugar rates from millers are ₹3120 to ₹3150/Qntl. whereas M/30 ₹3230 to 3175. In the resale market S/30 is trading at ₹3050 to ₹3090 whereas M/30 is trading at ₹3070 to ₹3130.
South Karnataka: S/30 rates are ₹3275 to 3300 whereas M/30 is ₹3350
Uttar Pradesh: The rates for M/30 are ₹3450 to 3480
Gujarat: The rates new S/30 at ₹3191 whereas new M/30 ₹3261
Tamil Nadu: S/30 Sugar rates are ₹3300 to 3375 whereas M/30 rates are at ₹3375 to 3425
(All the above rates are excluding GST)

International Market
On Monday sugar prices closed low on concerns the surge in cases would curb demand for sugar.
At the time of writing this update London White Sugar front month contract is trading at $461.70/tn, whereas New York Sugar front month contract is trading at 16.76/lb

In the Indian market, white sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹27500 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600- 1200 is at ₹27000 to ₹27100 factory basis.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.950 whereas USD was trading with BRL at 5.5461 Crude futures traded at Rs.4812, Crude WTI traded at $64.01 a barrel. Sensex closed 243.62 points lower at 47,705.80 whereas Nifty ended 63.05 points lower at 14,296.

LEAVE A REPLY

Please enter your comment!
Please enter your name here