ChiniMandi, Mumbai: 2nd March 2022
Domestic Market Update
Announcement of Quota for the month January 2022
The Department of Food & Public Distribution announced a 21.5 LMT monthly sugar quota for domestic sale in March 2022.
Domestic Trade Market
According to marketmen the demand has been picking. Traders witnessed a good demand today.
State wise prices today:
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3110 to 3180 |
₹3190 to 3270 |
|
Karnataka |
₹3130 to 3200 |
₹3210 to 3300 |
|
Uttar Pradesh |
|
₹3475 to 3650 |
|
Gujarat |
₹3281 |
₹3331 |
|
Tamil Nadu |
₹3300 to 3450 |
₹3370 to 3500 |
|
Madhya Pradesh |
₹3330 to 3350 |
₹3390 |
|
Punjab |
|
₹3525 to 3641 |
|
(All the above rates are excluding GST) |
||
International Trade Market
At the time of writing this update, the London White Sugar front month contract is trading at $511.60/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBH22) is trading at 18.57 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 75.791, whereas USD was trading with BRL at 5.1605, Crude futures traded at Rs.8463, Crude WTI traded at $111.64 barrel. Sensex closed 778.38 points lower at 55,468.90 whereas Nifty ended 187.95 points lower at 16,605.95.
