ChiniMandi, Mumbai: Friday 9th April 2021
Domestic Market:
The market was steady nationwide.
In Maharashtra: S/30 Sugar rates from millers are ₹3120 to ₹3150/Qntl. whereas M/30 ₹3230 to 3175. In the resale market S/30 is trading at ₹3025 to ₹3075 whereas M/30 is trading at ₹3050 to ₹3150.
South Karnataka: S/30 rates are ₹3235 to 3350 whereas M/30 is ₹3250 to 3500
Uttar Pradesh: The rates for M/30 are ₹3280 to 3320
Gujarat: The rates new S/30 at ₹3201 whereas new M/30 ₹3231 to 3241
Tamil Nadu: S/30 Sugar rates are ₹3270 to 3350 whereas M/30 rates are at ₹3350
(All the above rates are excluding GST)
International Market:
On Thursday sugar prices closed higher on strength in Brazil ethanol exports. At the time of writing this update London White Sugar front month contract is trading at $424/tn, whereas New York Sugar front month contract is trading at 15.39/lb.
In the Indian market, white sugar of the season 2020/21 icumsa 100 ready delivery for exports is trading at ₹27250 to ₹27350 on ex factory basis. Demand for Raw sugar of the season 2020/21 icumsa between 600- 1200 is at ₹27000 to ₹27100 factory basis.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 74.689 whereas USD was trading with BRL at 5.5689 Crude futures traded at Rs.4451, Crude WTI traded at $59.55 a barrel. Sensex closed 154.89 points higher at 49,591.32 whereas Nifty ended 38.95 points higher at 14,834.85.
