Daily Sugar Market Update By Vizzie – 06/05/2022

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ChiniMandi, Mumbai: 6th May 2022

Domestic Trade Market

The market witnessed moderate demand nationwide.

Ex-mill sugar prices as on May, 06 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3240 to 3300

₹3320 to 3410

Karnataka

₹3300 to 3325

₹3400 to 3420

Uttar Pradesh

₹3530 to 3630

Gujarat

₹3381 to 3421

₹3441 to 3471

Tamil Nadu

₹3500 to 3600

₹3550 to 3650

Madhya Pradesh

₹3430 to 3460

₹3490 to 3520

Punjab

₹3540 to 3661

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $521.90/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 18.74 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.941 whereas USD was trading with BRL at 5.0974, Crude futures traded at ₹8454, Crude WTI traded at $109.84/barrel. Sensex closed 866.65 points lower at 54,835.58 whereas Nifty ended 271.40 points higher at 16,6411.25.

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