Daily Sugar Market Update By Vizzie – 28/09/2021

ChiniMandi, Mumbai: Tuesday 28th September 2021

Domestic Market:

Market Scenario:
Market witnessed moderate demand.
State wise prices as on September 28th, 2021 :

◾ Maharashtra:S/30 Sugar rates from millers are ₹3330 to ₹3450/Qntl. whereas M/30 ₹3400 to 3500/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3390 to 3500/Qntl. M/30 is at ₹3450 to 3475/Qntl.
◾ Uttar Pradesh: The rates for M/30 are ₹3700 to 3720/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3361 to 3441/Qntl. whereas M/30 rates are at ₹3501 to 3531.
◾ Tamil Nadu: S/30 Sugar rates are ₹3525 to 3650/Qntl. whereas M/30 rates are at ₹3585 to 3700/Qntl.

(All the above rates are excluding GST)

International Market:

Yesterday’s Closing:
On Monday sugar prices closed moderately lower on weakness in the Brazilian real against the US Dollar. London White Sugar closed at $502.40/ton down $1.90 whereas New York Sugar closed down 0.37 points at 18.73 cents per pound.

Market Today :
London White Sugar front month contract is trading at $504.30/tn whereas New York Sugar front month contract is trading at 18.74/lb

Currency, Commodity & Indian Indices: The rupee traded against the US dollar at 76.09 whereas USD was trading with BRL at 5.3920 Crude futures traded at Rs.5645 Crude WTI traded at $74.105 a barrel. Sensex closed 410.28 points lower at 59,667.60 whereas Nifty ended 106.50 points higher at 17,748.60.
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