Daily Sugar Market Update By Vizzie – 05/08/2022

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ChiniMandi, Mumbai: 5th August 2022

Domestic Trade Market

The market witnessed good demand.

Ex-mill sugar prices as on July, 05 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

₹3321 to 3381

₹3371 to 3431

Tamil Nadu

₹3475 to 3550

₹3525 to 3600

Madhya Pradesh

₹3460 to 3480

₹3520 to 3540

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 $530.80/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.63 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.241 whereas USD was trading with BRL at 5.2302 Crude futures traded at ₹7017, Crude WTI traded at $88.20/barrel. Sensex closed 89.13 points higher at 58,387.93 whereas Nifty ended 15.50 points higher at 17,397.50

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