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 тВ╣3100 to тВ╣3120/Qntl. whereas M/30 тВ╣3125 to 3170/Qntl.
In the resale market S/30 is trading at тВ╣3040 to тВ╣3170/Qntl. whereas M/30 is trading at тВ╣3120 to тВ╣3220/Qntl.
– Uttar Pradesh: The rate for M/30 is тВ╣3250/Qntl.
– Gujarat: S/30 Sugar rates are тВ╣3100 to 3151/Qntl. whereas M/30 rates are at тВ╣3140 to 3241/Qntl.
– Tamil Nadu: S/30 Sugar rates are тВ╣3280 to 3350/Qntl. whereas M/30 rates are at тВ╣3350 to 3400/Qntl.
(All the above rates are excluding GST
International Market:
YesterdayтАЩs 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 тВ╣28700 to тВ╣28900 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600-1200 is at тВ╣28000 to тВ╣28200 factory basis.
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