ChiniMandi, Mumbai:1st June 2022
Domestic Trade Market
In a notification issued on 31st day of May 2022, the food ministry has allocated 21 LMT monthly sugar quota for June 2022. The market witnessed moderate demand.
Ex-mill sugar prices as on June, 01 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3220 to 3250 |
₹3310 to 3350 |
|
Karnataka |
₹3250 to 3290 |
₹3315 to 3350 |
|
Uttar Pradesh |
|
₹3480 to 3595 |
|
Gujarat |
₹3320 to 3381 |
₹3391 to 3431 |
|
Tamil Nadu |
₹3490 to 3550 |
₹3575 to 3600 |
|
Madhya Pradesh |
₹3400 to 3410 |
₹3440 to 3450 |
|
Punjab |
|
₹3550 to 3611 |
|
(All the above rates are excluding GST) |
||
International Trade Market
At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $570.00/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 19.32 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 77.509 whereas USD was trading with BRL at 4.7319, Crude futures traded at ₹8986, Crude WTI traded at $115.88/barrel. Sensex closed 185.24 points lower at 55,381.17 whereas Nifty ended 61.80 points lower at 16,522.75.
