Daily Sugar Market Update By Vizzie – 27/01/2022

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ChiniMandi, Mumbai: 27th January 2022

Domestic Trade Market

Yesterday, the markets remained closed on the occasion of Republic Day. Today, the market witnessed moderate demand. According to marketmen, there are some unsold quantities of January 2022 monthly sale quota in parts of Gujarat and Maharashtra due to slow demand that was witnessed in the last few days.

State wise prices today:

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3110 to 3200

₹3225 to 3315

Karnataka

₹3175 to 3250

₹3230 to 3325

Uttar Pradesh

₹3410 to 3450

Gujarat

₹3200 to 3300

₹3321 to 3400

Tamil Nadu

₹3340 to 3450

₹3400 to 3500

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar front month contract is trading at $500.80/ton, whereas the New York Sugar front month contract is trading at 18.49/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 75.152 whereas USD was trading with BRL at 5.4336, Crude futures traded at Rs.6585, Crude WTI traded at $87.57 barrel. Sensex closed 581.21points lower at 57,276.94 whereas Nifty ended 167.80 points lower at 17,110.15.

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