Daily Sugar Market Update By Vizzie – 08/02/2023

ChiniMandi, Mumbai: 8th February 2023

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on February, 08 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3230 to 3250

₹3320 to 3370

Karnataka

₹3350 to 3375

₹3425  to 3450

Uttar Pradesh

            ₹3450 to 3660

Gujarat

₹3321 to 3351

            ₹3371 to 3401

Tamil Nadu

₹3390 to 3450

₹3440 to 3500

Madhya Pradesh

₹3350 to 3390

₹3420 to 3460

Punjab

₹3460 to 3571

(All the above rates are excluding GST)

 

International Trade Market

At the time of writing this update London White Sugar #5 front month contract is trading at $560.50/ton, whereas the New York Sugar #11 front month contract is trading at 20.91 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.522, whereas USD was trading with BRL at 5.2106, Crude futures traded at ₹6465, Crude WTI traded at $78.31/barrel. Sensex closed 377.75 points higher at 60,664.79 whereas Nifty ended 150.20 points higher at 17,871.70.

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