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

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ChiniMandi, Mumbai: 1st August 2022

Domestic Trade Market

The market witnessed good demand. Overall the market was up by ₹20 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

₹3330 to 3390

₹3410 to 3480

Karnataka

₹3360 to 3440

₹3460 to 3530

Uttar Pradesh

₹3525 to 3600

Gujarat

₹3361 to 3401

₹3411 to 3451

Tamil Nadu

₹3475 to 3550

₹3525 to 3575

Madhya Pradesh

₹3470 to 3490

₹3520 to 3550

Punjab

₹3570 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 ₹7579, 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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