Daily Sugar Market Update By Vizzie – 06/04/2022

ChiniMandi, Mumbai: 6th April 2022

Domestic Trade Market

The market witnessed scanty demand nationwide.

Ex-mill sugar prices as on April, 6th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3180 to 3250

₹3270 to 3320

Karnataka

₹3200 to 3280

₹3300 to 3360

Uttar Pradesh

₹3480 to 3640

Gujarat

₹3350 to 3380

₹3390 to 3420

Tamil Nadu

₹3400 to 3460

₹3500 to 3550

Madhya Pradesh

₹3350 to 3400

₹3400 to 3460

Punjab

₹3470 to 3550

(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 $542.50/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22)

is trading at 19.48 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 75.830, whereas USD was trading with BRL at 4.6768, Crude futures traded at ₹7832, Crude WTI traded at $103.19/barrel. Sensex closed 566.09 points lower at 59,610.41 whereas Nifty ended 149.75 points lower at 17,807.65

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