Daily Sugar Market Update By Vizzie – 24/07/2021

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ChiniMandi, Mumbai: Saturday 24th July 2021
Domestic Market:

Market Scenario:
The demand was flat. Many parts of Maharashtra witnessed heavy to very heavy rains.

State wise Prices as on July 24, 2021 :
– Maharashtra:S/30 Sugar rates from millers are ₹3100 to ₹3120/Qntl. whereas M/30 ₹3125 to 3170/Qntl.
In the resale market S/30 is trading at ₹3030 to ₹3160/Qntl. whereas M/30 is trading at ₹3070 to ₹3150/Qntl.
– Uttar Pradesh: The rates for M/30 are ₹3225 to 3250/Qntl.
– Gujarat: S/30 Sugar rates are ₹3190 to 3200/Qntl. whereas M/30 rates are at ₹3160.
– Tamil Nadu: S/30 Sugar rates are ₹3275/Qntl. whereas M/30 rates are at ₹3325/Qntl.
(All the above rates are excluding GST

International Market:
Yesterday’s Closing:
On Firday sugar prices closed moderately higher over crop concerns in Brazil. London White Sugar closed at $457.70/ton up $10.70 whereas New York Sugar closed at 18.17 cents per pound, up 0.55 points.

Indian Export Rates Today:
In the Indian market, white sugar for the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹28600 to ₹28800 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600-1200 is at ₹28000 to ₹28200 factory basis.

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