Daily Sugar Market Update By Vizzie – 21/12/2021

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ChiniMandi, Mumbai: 21st 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 ₹3460 to 3525/Qntl. whereas M/30 rates are at ₹3525 to 3550/Qntl.

(All the above rates are excluding GST)

International Market Today:

The London White Sugar front month contract is trading at $487.80/ton whereas the New York Sugar front month contract is trading at 18.62/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.7185, Crude futures traded at Rs.5285, Crude WTI traded at $69.75 a barrel. Sensex closed 497 points higher at 56319.01 whereas Nifty ended 156.65 points higher at 16,770.85

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