Daily Sugar Market Update By Vizzie – 20/10/2021


ChiniMandi, Mumbai: 20th October 2021

Domestic Market:
Market Scenario:

The market witnessed moderate demand.
State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3325 to ₹3375/Qntl. whereas M/30 ₹3400 to 3475/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3360 to 3440/Qntl. whereas M/30 ₹3450 to 3500/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3675 to 3750/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3371 to 3511/Qntl. whereas M/30 rates are at ₹3481 to 3601
◾ Tamil Nadu: S/30 Sugar rates are ₹3550 to 3640/Qntl. whereas M/30 rates are at ₹3600 to 3675/Qntl.

(All the above rates are excluding GST

International Market:
Yesterday’s Closing:
Yesterday sugar sugar prices were under pressure for the second straight day. London White Sugar closed at $500.50/ton down $6.80 whereas New York Sugar at 18.87 cents per pound down closed 0.48 points

Market Today:

The London White Sugar front month contract is trading at $501.50/ton whereas the New York Sugar front month contract is trading at 19.01/lb.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.763 whereas USD was trading with BRL at 5.5740 Crude futures traded at Rs.6122 Crude WTI traded at $81.53 a barrel. Sensex closed 456.09 points lower at 61,259.96 whereas Nifty ended 152.15 points lower at 18,266.60.


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