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

₹3380 to 3420

₹3460 to 3510

Karnataka

₹3440 to 3460

₹3530 to 3660

Uttar Pradesh

₹3580 to 3680

Gujarat

₹3371 to 3441

₹3421 to 3491

Tamil Nadu

₹3535 to 3600

₹3585 to 3650

Madhya Pradesh

₹3530 to 3540

₹3590 to 3600

Punjab

₹3570 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 ₹6736, 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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here