Daily Sugar Market Update By Vizzie – 22/11/2021

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ChiniMandi, Mumbai: 22nd November 2021

Domestic Market:

Sugar Market Scenario:

The market witnessed moderate demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3180 to ₹3230/Qntl. whereas M/30 ₹3250 to 3280/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3250 to 3355/Qntl. whereas M/30 ₹3270 to 3335/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3500 to 3520/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3241 to 3301/Qntl. whereas M/30 rates are at ₹3341 to 3401/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3400 to 3450/Qntl. whereas M/30 rates are at ₹3450 to 3500/Qntl.

(All the above rates are excluding GST)

International Market:

Market Today:

The London White Sugar front month contract is trading at $506.80/ton whereas the New York Sugar front month contract is trading at 19.74/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.5967 Crude futures traded at Rs.5640 Crude WTI traded at $74.340 a barrel. Sensex closed 1170.12 points lower at 58,465.89 whereas Nifty ended 348.35 points lower at 17,416.55.

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