Daily Sugar Market Update By Vizzie – 28/07/2021

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ChiniMandi, Mumbai: Wednesday, 28th July 2021

Domestic Market:

Market Scenario:

The market witnessed moderate demand.

State wise Prices as on July 28, 2021 :

– Maharashtra:S/30 Sugar rates from millers are ₹3100 to ₹3120/Qntl. whereas M/30 ₹3125 to 3170/Qntl.

In the resale market S/30 is trading at ₹3030 to ₹3150/Qntl. whereas M/30 is trading at ₹3070 to ₹3150/Qntl.
– Karnataka : S/30 Sugar rates were ₹3250 to 3260/Qntl. whereas M/30 is trading at ₹3225/Qntl.

– Uttar Pradesh: The rate for M/30 is ₹3250/Qntl.

– Gujarat: S/30 Sugar rates are ₹3100 to 3131/Qntl. whereas M/30 rates are at ₹3140 to 320/Qntl.

– Tamil Nadu: S/30 Sugar rates are ₹3250 to 3325/Qntl. whereas M/30 rates are at ₹3330 to 3375/Qntl.

(All the above rates are excluding GST

International Market:

Yesterday’s Closing:

On Tuesday, sugar prices closed moderately lower. London White Sugar closed at $454.70/ton down $1.70 whereas New York Sugar closed at 18.35 cents per pound, down 0.07 points.

Market Today :

London White Sugar front month contract is trading at $459/tn whereas New York Sugar front month contract is trading at 18.59/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 ₹28700 to ₹28900 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 74.400 whereas USD was trading with BRL at 5.1629 Crude futures traded at Rs.5371 Crude WTI traded at $72.11 a barrel. Sensex closed 135.05 points lower at 52,443.71 whereas Nifty ended 37.05 points lower at 15,709.40.

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