Daily Sugar Market Update By Vizzie – 01/08/2022

ChiniMandi, Mumbai: 1st August 2022

Domestic Trade Market

The market witnessed good demand. Overall the market was up by โ‚น20 to 30 per quintal.
Ex-mill sugar prices as on August, 01 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3330 to 3390

โ‚น3410 to 3480

Karnataka

โ‚น3360 to 3440

โ‚น3460 to 3530

Uttar Pradesh

โ‚น3525 to 3600

Gujarat

โ‚น3361 to 3401

โ‚น3411 to 3451

Tamil Nadu

โ‚น3475 to 3550

โ‚น3525 to 3575

Madhya Pradesh

โ‚น3470 to 3490

โ‚น3520 to 3550

Punjab

โ‚น3570 to 3641

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 front month contract (SWV22) is trading at $521.90/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.50 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.090 whereas USD was trading with BRL at 5.1663 Crude futures traded at โ‚น7579, Crude WTI traded at $95.51/barrel. Sensex closed 545.25 points higher at 56,115.50 whereas Nifty ended 181.80 points higher at 17,340.05

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