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

₹3300 to 3330

₹3380 to 3400

Karnataka

₹3380 to 3415

₹3470  to 3490

Uttar Pradesh

₹3525 to 3650

Gujarat

₹3371 to 3501

Tamil Nadu

₹3425 to 3525

₹3520 to 3550

Madhya Pradesh

₹3490 to 3510

₹3550 to 3580

Punjab

₹3620 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 ₹7525, 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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