Daily Sugar Market Update By Vizzie – 26/10/2021

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ChiniMandi, Mumbai: 26th 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 ₹3730 to 3780/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:

Yesterday’s Closing:
On Monday sugar prices closed higher on strength in crude oil prices. London White Sugar closed at $505.40/ton up $4.80 whereas New York Sugar closed at 19.39 cents per pound up 0.31 points.

Market Today:

The London White Sugar front month contract is trading at $506.10/ton whereas the New York Sugar front month contract is trading at 19.44/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 74.982 whereas USD was trading with BRL at 5.5620 Crude futures traded at Rs.6316 Crude WTI traded at $83.97 a barrel. Sensex closed 383.21 points higher at 61,350.26 whereas Nifty ended 143 points higher at 18,268.40.

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