Daily Sugar Market Update By Vizzie – 07/09/2022

ChiniMandi, Mumbai: 7th September 2022

Domestic Trade Market

The market witnessed scanty demand nationwide.

Ex-mill sugar prices as on September, 07 2022 :

 

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3380 to 3420

โ‚น3460 to 3510

Karnataka

โ‚น3440 to 3460

โ‚น3530 to 3660

Uttar Pradesh

โ‚น3580 to 3680

Gujarat

โ‚น3371 to 3441

โ‚น3421 to 3491

Tamil Nadu

โ‚น3535 to 3600

โ‚น3585 to 3650

Madhya Pradesh

โ‚น3530 to 3540

โ‚น3590 to 3600

Punjab

โ‚น3570 to 3621

(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 $571.70/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.24 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.908 whereas USD was trading with BRL at 5.2485 Crude futures traded at โ‚น6736, Crude WTI traded at $83.84/barrel. Sensex closed 168.08 points lower at 59,028.91 whereas Nifty ended 31.20 points lower at 17,624.40.

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