Daily Sugar Market Update By Vizzie -06/10/2022

ChiniMandi, Mumbai: 6th October 2022

Domestic Trade Market
The market witnessed moderate demand.

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

 

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3310 to 3350

โ‚น3380 to 3430

Karnataka

โ‚น3350 to 3385

โ‚น3430ย  to 3470

Uttar Pradesh

โ‚น3540 to 3620

Gujarat

โ‚น3381 to 3431

โ‚น3431 to 3491

Tamil Nadu

โ‚น3420 to 3525

โ‚น3525 to 3575

Madhya Pradesh

โ‚น3505 to 3525

โ‚น3550 to 3585

Punjab

โ‚น3610 to 3680

(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 $544.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.13 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.135 whereas USD was trading with BRL at 5.1917, Crude futures traded at โ‚น7235, Crude WTI traded at $88.03/barrel. Sensex closed 156.63 points higher at 58,222.10 whereas Nifty ended 57.50 points higher at 17,331.80

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