Daily Sugar Market Update By Vizzie – 22/12/2021

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ChiniMandi, Mumbai: 22nd 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 ₹3285 to 3401/Qntl. whereas M/30 rates are at ₹3351 to 3501/Qntl.

◾ Tamil Nadu: S/30 Sugar rates are ₹3450 to 3525/Qntl. whereas M/30 rates are at ₹3500 to 3550/Qntl.

(All the above rates are excluding GST)

International Market Today:

The London White Sugar front month contract is trading at $496.50/ton whereas the New York Sugar front month contract is trading at 18.92/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 75.530 whereas USD was trading with BRL at 5.7235, Crude futures traded at Rs.5374, Crude WTI traded at $70.95 a barrel. Sensex closed 611.56 points higher at 56930.56 whereas Nifty ended 184.60 points higher at 16,955.45.

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