Daily Sugar Market Update By Vizzie – 22/09/2021

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ChiniMandi, Mumbai: Wednesday 22nd September 2021

Domestic Market:

Market Scenario:
Market witnessed good demand nationwide after a quiet morning session.

State wise prices as on September 22nd, 2021 :

◾ Maharashtra:S/30 Sugar rates from millers are ₹3380 to ₹3450/Qntl. whereas M/30 ₹3510 to 3560/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3440 to 3500/Qntl. M/30 is at ₹3530 to 3575/Qntl.
◾ Uttar Pradesh: The rates for M/30 are ₹3680 to 3730/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3401 to 3481/Qntl. whereas M/30 rates are at ₹3541 to 3571.
◾ Tamil Nadu: S/30 Sugar rates are ₹3620 to 3675/Qntl. whereas M/30 rates are at ₹3700 to 3725/Qntl.

(All the above rates are excluding GST)

International Market:

Yesterday’s Closing:
Sugar prices on Tuesday closed high owing to higher crude prices. London White Sugar closed at $501.20/ton up $3.30 whereas New York Sugar closed up 0.11 points at 18.97 cents per pound.

Market Today :
London White Sugar front month contract is trading at $508.60/tn whereas New York Sugar front month contract is trading at 19.32/lb

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 73.857 whereas USD was trading with BRL at 5.2719 Crude futures traded at Rs.5288 Crude WTI traded at $71.39 a barrel. Sensex closed 77.94 points lower at 58,297.33 whereas Nifty ended 15.35 points lower at 17,546.65
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