Daily Sugar Market Update By Vizzie – 29/11/2021

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ChiniMandi, Mumbai: 29th November 2021

Domestic Market:

Sugar Market Scenario:

The market witnessed moderate demand.

State wise prices today

◾ Maharashtra:S/30 Sugar rates from millers are ₹3180 to ₹3230/Qntl. whereas M/30 ₹3280 to 3350/Qntl.
◾ Karnataka : S/30 Sugar rates were ₹3250 to 3330/Qntl. whereas M/30 ₹3220 to 3330/Qntl.
◾ Uttar Pradesh: The rates for M/30 were at ₹3465 to 3490/Qntl.
◾ Gujarat: S/30 Sugar rates are ₹3221 to 3281/Qntl. whereas M/30 rates are at ₹3321 to 3381/Qntl.
◾ Tamil Nadu: S/30 Sugar rates are ₹3400 to 3450/Qntl. whereas M/30 rates are at ₹3450 to 3500/Qntl.

(All the above rates are excluding GST)

International Market:
Yesterday’s Closing:
On Friday, London White Sugar front month contract closed at $510.40/ton whereas the New York Sugar front month contract is trading at 19.35/lb.

Market Today:

The London White Sugar front month contract is trading at $503.30/ton whereas the New York Sugar front month contract is trading at 19.52/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar whereas USD was trading with BRL at 5.6085, Crude futures traded at Rs.5379 Crude WTI traded at $71.47 a barrel. Sensex closed 153.43 points up at 57,260.48 whereas Nifty ended 27.50 points up at 17,053.95.

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