Daily Sugar Market Update By Vizzie – 25/01/2021

ChiniMandi, Mumbai: Monday 25th 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 ₹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 ₹3100 to 3200 whereas, M/30 rates are 3150 to 3250
(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 Friday March 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

At the time of writing this update London White Sugar front month contract is trading at $447.60/tn, whereas New York Sugar front month contract is trading at 15.98/lb.
In the Indian market, White sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at Rs.26300 to Rs.26400 on ex factory basis.
Demand for Raw sugar of season 2020/21 icumsa between 600- 1200 is at Rs.26200 to Rs.26300 factory basis.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 72.930 whereas USD was trading with BRL at 5.4669 Crude futures traded at Rs.3830, Crude WTI traded at $52.36 a barrel. Sensex closed 530.95 points lower at 48347.59 whereas Nifty ended 133 points lower at 14,238.90.

To Listen to this News click on the play button.


Please enter your comment!
Please enter your name here