Daily Sugar Market Update By Vizzie – 21/01/2021

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ChiniMandi, Mumbai: Thursday 21st January 2021

Domestic Market:
The market witnessed.
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 ₹2940 to ₹3000 whereas M/30 is trading at ₹3000 to ₹3070
South Karnataka: The rates for S/30 at ₹3090 to 3100 whereas, M/30 rates are ₹3100 to 3150.
Uttar Pradesh: The rates for M/30 are ₹3215
Gujarat: The rates for S/30 are ₹3101 whereas new M/30 are at ₹3111 to 3121/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3140 to 3225 whereas, M/30 rates are 3200 to 3275.
(All the above rates are excluding GST)

International Market: On Wednesday, sugar prices posted moderate gains and traded just below their recent 3-1/2 year high. At the time of writing this update London White Sugar front month contract is trading at $452.90/tn, whereas New York Sugar front month contract is trading at 16.12/lb.

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 72.967 whereas USD was trading with BRL at 5.2420 Crude futures traded at Rs.3883, Crude WTI traded at $53.06 a barrel. Sensex closed 167.36 points lower at 49,624.76 whereas Nifty ended 54.35 points lower at 14590.35.

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