ChiniMandi, Mumbai: 3rd 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 |
тВ╣3130 to 3200 |
тВ╣3210 to 3300 |
|
Karnataka |
тВ╣3150 to 3220 |
тВ╣3230 to 3320 |
|
Uttar Pradesh |
|
тВ╣3495 to 3670 |
|
Gujarat |
тВ╣3281 |
тВ╣3331 to 3351 |
|
Tamil Nadu |
тВ╣3300 to 3500 |
тВ╣3450 to 3500 |
|
Madhya Pradesh |
тВ╣3330 to 3350 |
тВ╣3400 to 3390 |
|
Punjab |
|
тВ╣3515 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 75.985, whereas USD was trading with BRL at 5.0478, Crude futures traded at Rs.8676, Crude WTI traded at $114.06 barrel. Sensex closed 366.22 points lower at 55,102.68 whereas Nifty ended 107.90 points lower at 16,498.05.
