Daily Sugar Market Update By Vizzie – 25/06/2021

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ChiniMandi, Mumbai: Friday 25th June 2021 

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

State wise Prices as on June 25, 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 ₹3200 to 3275 whereas M/30 rates are at ₹3300

(All the above rates are excluding GST

International Market:

Yesterday’s Closing:
On Thursday sugar prices closed higher on a rally in the BRL. London white sugar closed at $423.80/ton up $3.20 whereas raw sugar on the New York Stock Exchange closed at 16.93 cents per pound up by 0.24 points. 

Market Today :

London White Sugar front month contract is trading at $426.20/tn whereas New York Sugar front month contract is trading at 16.78/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 74.168 whereas USD was trading with BRL at 4.9210 Crude futures traded at Rs.5456, Crude WTI traded at $73.44 a barrel. Sensex closed 226.04 points higher at 52925.04 whereas Nifty ended 69.90 points higher at 15,860.35 

 

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