Daily Sugar Market Update By Vizzie – 22/10/2021

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ChiniMandi, Mumbai: 22nd October 2021

Domestic Market:
Market Scenario:

The market witnessed moderate demand.
State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3330 to ₹3350/Qntl. whereas M/30 ₹3390 to 3450/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3350 to 3400/Qntl. whereas M/30 ₹3425 to 3475/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3740 to 3800/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3371 to 3511/Qntl. whereas M/30 rates are at ₹3481 to 3601/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3550 to 3625/Qntl. whereas M/30 rates are at ₹3600 to 3675/Qntl.

(All the above rates are excluding GST)

International Market:
Yesterday’s Closing:
Yesterday sugar sugar prices closed lower on weakness in crude prices and the Brazilian Real London White Sugar closed at $500.80/ton down $1.40 whereas New York Sugar closed at 18.94 cents per pound down 0.03 points.

Market Today:
The London White Sugar front month contract is trading at $504.10/ton whereas the New York Sugar front month contract is trading at 19.10/lb.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74891 whereas USD was trading with BRL at 5.6998 Crude futures traded at Rs.6243 Crude WTI traded at $83.14 a barrel. Sensex closed 101.88 points lower at 60,821.62 whereas Nifty ended 63.20 points lower at 18,114.90.

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