ChiniMandi, Mumbai: 4th 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 |
₹3130 to 3200 |
₹3210 to 3300 |
|
Karnataka |
₹3150 to 3220 |
₹3230 to 3320 |
|
Uttar Pradesh |
|
₹3510 to 3670 |
|
Gujarat |
₹3281 to 3291 |
₹3341 to 3351 |
|
Tamil Nadu |
₹3300 to 3500 |
₹3450 to 3500 |
|
Madhya Pradesh |
₹3340 to 3350 |
₹3400 to 3410 |
|
Punjab |
|
₹3540 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 $525.30/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBH22)
Is trading at 18.95 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 75.239, whereas USD was trading with BRL at 5.0517, Crude futures traded at Rs.8410, Crude WTI traded at $114.41 barrel. Sensex closed 768.87 points lower at 54,333.81 whereas Nifty ended 252.70 points lower at 16,245.35
