ChiniMandi, Mumbai: 1st September 2022
Domestic Trade Market
The food ministry on 31st August 2022 announced a quota of 23.50 LMT for sale in the month of September 2022. The market sentiments were mixed, no major movement was witnessed in the market. The prices remained stable.
Ex-mill sugar prices as on September, 01 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3360 to 3410 |
₹3460 to 3500 |
|
Karnataka |
₹3440 to 3460 |
₹3530 to 3660 |
|
Uttar Pradesh |
|
₹3550 to 3650 |
|
Gujarat |
₹3371 to 3451 |
₹3421 to 3501 |
|
Tamil Nadu |
₹3550 to 3625 |
₹3625 to 3675 |
|
Madhya Pradesh |
₹3565 to 3575 |
₹3625 to 3635 |
|
Punjab |
|
₹3600 to 3671 |
|
(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 $554.70/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.83 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 79.607 whereas USD was trading with BRL at 5.1662 Crude futures traded at ₹6995, Crude WTI traded at $87.36/barrel. Sensex closed 770.48 points lower at 58,776.59 whereas Nifty ended 216.50 points higher at 17,542.80.
