Daily Sugar Market Update By Vizzie – 21/08/2021

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ChiniMandi, Mumbai: Saturday 21st August 2021
Domestic Market:
Latest : Indian sugar scenario by Government of India
Our latest article brings to you details on the Indian sugar scenario by Government of India
Key Highlights
Overview | Balance Sheet for Sugar Season 2021-22 | Current Exports & Outlook | Diversion of Sugar to Ethanol | Cane Dues | Global Sugar View from Indian Perspective | Incentive from the Government to sugar mills for sugar exports and Diversion of sugar to ethanol
For more details click here

Domestic Market Scenario Overview:
Sugar prices in Gujarat and Tamil Nadu remained firm, demand wasn’t witnessed much. The market in Maharashtra, Karnataka and Uttar Pradesh have seen sugar prices taking a cool down. The demand in Maharashtra and Karnataka was scanty due to the transportation issues. To know more on the transportation issue, click here

State wise Prices as on 21st August 2021 :
Maharashtra: S/30 Sugar rates from millers are ₹3275 to ₹3325/Qntl. whereas M/30 is at ₹3375 to 3500/Qntl.
Karnataka : S/30 Sugar rates were ₹3300 to 3360/Qntl. whereas M/30 is at ₹3400 to 3550/Qntl.
Uttar Pradesh: The rate for M/30 is ₹3500 to 3530/Qntl.
Gujarat: S/30 Sugar rates are ₹3471 to 3511/Qntl. whereas M/30 rates are at ₹3601 to 3651/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3550 to 3625/Qntl. whereas M/30 rates are at ₹3650 (All the above rates are excluding GST)

Sugar Exports to Afghanistan
Taliban’s takeover of Afghanistan is said to leave an adverse impact on the bilateral trade relations with India. ‘Sugar’ is amongst the top affected products imported by Afghanistan. Click here to read more on the impact of sugar exports through India.

International Market:
Yesterday’s Closing:
On Friday sugar prices closed lower on weakness in crude oil prices. London White Sugar closed at $483.50/ton down $11 whereas New York Sugar closed at 19.58 cents per pound, down 0.21 points.

“Sugar & Ethanol Overview” in conversation with Mr. Eduardo Leao de Sous, Executive Director – UNICA
In a recent conversation with ChiniMandi News, Mr. Eduardo Leão de Sous, Executive Director of UNICA shared his views on Brazilian crop, view on the global scenario and India’s way forward towards ethanol. To read more click here

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