Daily Sugar Market Update By Vizzie – 23/01/2021

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ChiniMandi, Mumbai: Friday 23nd January 2021
Domestic Market: The market witnessed moderate demand.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3150/Qntl. whereas M/30 ₹3180 to 3250. In the resale market S/30 is trading at ₹2930 to ₹3000 whereas M/30 is trading at ₹2985 to ₹3070
South Karnataka: The rates for S/30 at ₹3090 to 3100 whereas, M/30 rates are ₹3100 to 3150.
Uttar Pradesh: The rates for M/30 are ₹3215
Gujarat: The rates for S/30 are ₹3101 whereas new M/30 are at ₹3111 to 3121/Qntl.
Tamil Nadu: S/30 Sugar rates are ₹3140 to 3225 whereas, M/30 rates are 3200 to 3275.
(All the above rates are excluding GST)

International Market: Sugar prices on Friday extended Thursday’s losses down to new 1-week lows. Forecasts for rain in Brazil’s Center-South, the country’s biggest sugar-growing region have been weighing on prices. On FridayMarch New York world sugar SBH21 closed down -0.18 at 15.87 whereas March London white sugar SWH21 closed down -5.50 at 444.80

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