Daily Sugar Market Update By Vizzie – 05/04/2022

ChiniMandi, Mumbai: 5th April 2022

Domestic Trade Market

The market witnessed scanty demand nationwide.

Ex-mill sugar prices as on April, 5 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3270

₹3290 to 3340

Karnataka

₹3230 to 3305

₹3320 to 3380

Uttar Pradesh

₹3500 to 3675

Gujarat

₹3370 to 3400

₹3410 to 3440

Tamil Nadu

₹3420 to 3480

₹3520 to 3570

Madhya Pradesh

₹3375 to 3410

₹3420 to 3480

Punjab

₹3500to 3570

(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 $545.20/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.69 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 75.301, whereas USD was trading with BRL at 4.6360, Crude futures traded at Rs.7847, Crude WTI traded at $104.09/barrel. Sensex closed 435.24 points lower at 60,176.50 whereas Nifty ended 96 points lower at 17,957.40

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