Daily Sugar Market Update By Vizzie – 24/06/2021

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ChiniMandi, Mumbai: Thursday, 24th June 2021 

Domestic Market:
Market Scenario:
The market witnessed moderate demand. 

State wise Prices as on June 24, 2021 :

– Maharashtra:S/30 Sugar rates from millers are ₹3100 to ₹3120/Qntl. whereas M/30 ₹3125 to 3170.

In the resale market S/30 is trading at ₹3020 to ₹3050 whereas M/30 is trading at ₹3050 to ₹3110.

– Karnataka : S/30 Sugar rates from millers are ₹3160 to 3200 whereas M/30 is at ₹3250

– Uttar Pradesh: The rates for M/30 are ₹3200 to 3230

– Gujarat: S/30 Sugar rates are ₹3110 to 3121 whereas M/30 rates are at ₹3161 to 3171 

– Tamil Nadu: S/30 Sugar rates are ₹3220 to 3300 whereas M/30 rates are at ₹3300 to 3325.

(All the above rates are excluding GST

International Market:
Yesterday’s Closing:
On Tuesday sugar prices closed higher on a rally in crude prices. London white sugar closed at $423.60/ton up $4.90 whereas raw sugar on the New York Stock Exchange closed at 16.69 cents per pound up by 0.26 points. 

Market Today :
London White Sugar front month contract is trading at $418.10/tn whereas New York Sugar front month contract is trading at 16.53/lb 

Indian Export Rates Today:
In the Indian market, white sugar for the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹28400 to ₹28500 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600-1200 is at ₹28000 to ₹28200 factory basis. 

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.143 whereas USD was trading with BRL at 4.9451 Crude futures traded at Rs.5400, Crude WTI traded at $74.143 a barrel. Sensex closed 392.92 points higher at 52,699 whereas Nifty ended 103.50 points higher at 15,790.45

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