Daily Sugar Market Update By Vizzie – 07/11/2022

ChiniMandi, Mumbai: 7th November 2022

Domestic Trade Market
The market witnessed moderate demand.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3300 to 3330

โ‚น3380 to 3400

Karnataka

โ‚น3380 to 3415

โ‚น3470ย  to 3490

Uttar Pradesh

โ‚น3525 to 3650

Gujarat

โ‚น3371 to 3501

Tamil Nadu

โ‚น3425 to 3525

โ‚น3520 to 3550

Madhya Pradesh

โ‚น3490 to 3510

โ‚น3550 to 3580

Punjab

โ‚น3620 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 (SWZ22) is trading at $531.00/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.62 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.918 whereas USD was trading with BRL at 5.0841, Crude futures traded at โ‚น7525, Crude WTI traded at $81.918/barrel. Sensex closed 234.79 points higher at 61,185.15whereas Nifty ended 85.65 points higher at 18,202.80.

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