Daily Sugar Market Update By Vizzie – 28/12/2021

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ChiniMandi, Mumbai: 28th December 2021

Domestic Market

The market witnessed moderate demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3200 to ₹3260/Qntl. whereas M/30 ₹3330 to 3360/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3275 to 3350/Qntl. whereas M/30 ₹3310 to 3400/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3435 to 3470/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3265 to 3381/Qntl. whereas M/30 rates are at ₹3331 to 3481/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3450 to 3525/Qntl. whereas M/30 rates are at ₹3500 to 3550/Qntl.

(All the above rates are excluding GST)

International Market Today:

The London White Sugar front month contract is not trading today, whereas the New York Sugar front month contract is trading at 19.12/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 74.692 whereas USD was trading with BRL at 5.6480, Crude futures traded at Rs.5729, Crude WTI traded at $76.61 a barrel. Sensex closed 477.24 points higher at 57,897.48 whereas Nifty ended 147 points higher at 17,233.25.

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