Daily Sugar Market Update By Vizzie -04/10/2022

ChiniMandi, Mumbai: 4th October 2022

Domestic Trade Market
On 30th September 2022, the DPFD allocated a quota of 23.5 LMT for sale in the domestic market.

The market witnessed moderate demand.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3310 to 3350

โ‚น3380 to 3430

Karnataka

Holiday

Holiday

Uttar Pradesh

โ‚น3540 to 3620

Gujarat

โ‚น3381 to 3431

โ‚น3431 to 3491

Tamil Nadu

Holiday

Holiday

Madhya Pradesh

โ‚น3500 to 3525

โ‚น3550 to 3585

Punjab

โ‚น3610 to 3660

(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 $524.70/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.50 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.578 whereas USD was trading with BRL at 5.1374, Crude futures traded at โ‚น6925, Crude WTI traded at $84.77/barrel. Sensex closed 1276.66 points higher at 58,065.74 whereas Nifty ended 386.95 points lower at 17,274.30.

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