Daily Sugar Market Update By Vizzie – 25/10/2021

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ChiniMandi, Mumbai: 25th October 2021

Domestic Market:
Market Scenario:

The market witnessed moderate demand.
State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3330 to ₹3350/Qntl. whereas M/30 ₹3390 to 3450/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3350 to 3400/Qntl. whereas M/30 ₹3425 to 3475/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3765 to 3810/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3381 to 3491/Qntl. whereas M/30 rates are at ₹3501 to 3581/Qntl.

◾ Tamil Nadu: S/30 Sugar rates are ₹3550 to 3625/Qntl. whereas M/30 rates are at ₹3600 to 3675/Qntl.

(All the above rates are excluding GST)

International Market:
Market Today:
The London White Sugar front month contract is trading at $499.60/ton whereas the New York Sugar front month contract is trading at 19.12/lb.

Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 75.167 whereas USD was trading with BRL at 5.6139 Crude futures traded at Rs.6397 Crude WTI traded at $84.92 a barrel. Sensex closed 145.43 points higher at 60,967.05 whereas Nifty ended 10.50 points higher at 18,125.40.

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