Daily Sugar Market Update By Vizzie – 04/08/2022

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ChiniMandi, Mumbai: 4th August 2022

Domestic Trade Market

The market witnessed good demand.

Ex-mill sugar prices as on August, 04 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3340 to 3400

₹3410 to 3470

Karnataka

₹3350 to 3430

₹3550 to 3640

Uttar Pradesh

₹3525 to 3600

Gujarat

₹3341 to 3401

₹3391 to 3451

Tamil Nadu

₹3485 to 3550

₹3535 to 3600

Madhya Pradesh

₹3465 to 3480

₹3525 to 3545

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 $529.30/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.74 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.342 whereas USD was trading with BRL at 5.2839 Crude futures traded at ₹7270, Crude WTI traded at $91.38/barrel. Sensex closed 51.73 points lower at 58,298.80 whereas Nifty ended 6.15 points lower at 17,382

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