ChiniMandi, Mumbai: 21st September 2022
Domestic Trade Market
The market witnessed poor demand. Marketmen are distressed with no demand despite it being a month of festivity. Millers are also struggling to sell the monthly alloted quota.
Ex-mill sugar prices as on September, 21 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3320 to 3380 |
โน3340 to 3420 |
|
Karnataka |
โน3330 to 3380 |
โน3400ย to 3460 |
|
Uttar Pradesh |
|
โน3565 to 3635 |
|
Gujarat |
โน3361 to 3431 |
โน3411 to 3481 |
|
Tamil Nadu |
โน3440 to 3525 |
โน3525 to 3575 |
|
Madhya Pradesh |
โน3480 to 3500 |
โน3540 to 3550 |
|
Punjab |
|
โน3570 to 3620 |
|
(All the above rates are excluding GST) |
International Trade Market
At the time of writing this update London White Sugar #5 front month contract (SWV22) is trading at $523.60/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.27 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 79.931 whereas USD was trading with BRL at 5.1430 Crude futures traded at โน6866, Crude WTI traded at $85.61/barrel. Sensex closed 262.96 points lower at 59,456.08 whereas Nifty ended 97.90 points lower at 17,718.35.
