ChiniMandi, Mumbai: Saturday 31st July 2021
Domestic Market:
Govt. Announcement
On 29th July 2021, DFPD fixed 21 LMT sugar quota for sale in August 2021.
Govt. Announcement
According to DFPD, against the export target of 60 LMT of sugar for season 2020-21, 58.5 LMT of sugar has been dispatched from sugar mills and 53 LMT of sugar has been exported as on July 29, 2021.
Market Scenario:
The market witnessed fresh buying.
State wise Prices as on July 30, 2021 :
– Maharashtra:S/30 Sugar rates from millers are โน3100 to โน3120/Qntl. whereas M/30 โน3125 to 3170/Qntl.
In the resale market S/30 is trading at โน3040 to โน3170/Qntl. whereas M/30 is trading at โน3120 to โน3220/Qntl.
– Uttar Pradesh: The rate for M/30 is โน3250/Qntl.
– Gujarat: S/30 Sugar rates are โน3100 to 3151/Qntl. whereas M/30 rates are at โน3140 to 3241/Qntl.
– Tamil Nadu: S/30 Sugar rates are โน3280 to 3350/Qntl. whereas M/30 rates are at โน3350 to 3400/Qntl.
(All the above rates are excluding GST
International Market:
Yesterdayโs Closing:
On Friday, sugar prices closed lower on concerns over Brazil’s sugarcane crop. London White Sugar closed at $445.70/ton down $5.70 whereas New York Sugar closed at 17.91 cents per pound, down 0.39 points.
Indian Export Rates Today:
In the Indian market, white sugar for the season 2020/21 icumsa 100 ready delivery for exports is trading at โน28700 to โน28900 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600-1200 is at โน28000 to โน28200 factory basis.
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