Daily Sugar Market Update By Vizzie – 27/02/2021

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ChiniMandi, Mumbai: Saturday 27th February 2021

Domestic Market:
The market witnessed good demand, prices remained firm.
In Maharashtra: S/30 Sugar rates from millers are ₹3100 to ₹3130/Qntl. whereas M/30 ₹3210 to 3250. In the resale market S/30 is trading at ₹3010 to ₹3065 whereas M/30 is trading at ₹3060 to ₹3200.
South Karnataka: There was no sale opened for S/30 by majority of the mills. M/30 rates are ₹3150
Uttar Pradesh: The rates for M/30 are ₹3210 to 3220
In Gujarat: The rates for old S/30 and ₹M/30 3101 to 3111 and new M/30 are prevailing at ₹3121 to 3151
Tamil Nadu: S/30 Sugar rates are ₹3220 to 3250 whereas, M/30 rates are 3275
(All the above rates are excluding GST)

International Market:
On Friday sugar prices closed low on weakness in crude prices and a slump in the Brazilian real New York world sugar #11 closed down -0.31 at 17.53/lb, and May London white sugar closed down -12.90 at $455.10/ton.

In the Indian market, white sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹26850 to ₹27000 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600- 1200 is at ₹26850 to ₹27000 factory basis.

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