ChiniMandi, Mumbai: Saturday 24th April 2021
Domestic Market:
The market witnessed scanty demand.
In Maharashtra: S/30 Sugar rates from millers are ₹3110 to ₹3140/Qntl. whereas M/30 ₹3220. In the resale market S/30 is trading at ₹3040 to ₹3080 whereas M/30 is trading at ₹3060 to ₹3120.
South Karnataka: S/30 rates are ₹3290 to 3400 whereas M/30 is ₹3370 to 3425
Uttar Pradesh: The rates for M/30 are ₹3450 to 3480
Gujarat: The rates new S/30 at ₹3191 whereas new M/30 ₹3261
Tamil Nadu: S/30 Sugar rates are ₹3290 to 3400 whereas M/30 rates are at ₹3370 to 3425.
(All the above rates are excluding GST)
International Market
On Friday sugar prices closed with moderate losses. Fund buying continued to support sugar prices on concern about reduced global sugar production. May New York world sugar #11 (SBK21) closed down -0.01 at $461.20 (-0.06%), and Aug London white sugar #5 (SWQ21) closed down -1.20 at 16.91/lb (-0.26%).
In the Indian market, white sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹27500 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600- 1200 is at ₹27000 to ₹27100 factory basis
Seems like producers will sell everything they can going into the next October delivery month as India now shows 6MM tons of surplus
Agreed