Daily Sugar Market Update By Vizzie – 20/12/2021

ChiniMandi, Mumbai: 20th December 2021

Domestic Market

The market witnessed good demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3230 to ₹3250/Qntl. whereas M/30 ₹3330 to 3350/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3300 to 3350/Qntl. whereas M/30 ₹3310 to 3400/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3460 to 3490/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3295 to 3411/Qntl. whereas M/30 rates are at ₹3361 to 3511/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3450 to 3550/Qntl. whereas M/30 rates are at ₹3500 to 3550/Qntl.

(All the above rates are excluding GST)

International Market Today:

The London White Sugar front month contract is trading at $498/ton whereas the New York Sugar front month contract is trading at 18.79/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.7124, Crude futures traded at Rs.5134, Crude WTI traded at $67.38 a barrel. Sensex closed 1189.73 points lower at 55,822.01 whereas Nifty ended 371 points lower at 16,614.20

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