Daily Sugar Market Update By Vizzie – 08/09/2022

ChiniMandi, Mumbai: 8th 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 $571.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.10 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.679 whereas USD was trading with BRL at 5.1971 Crude futures traded at ₹6608, Crude WTI traded at $82.56/barrel. Sensex closed 659.31 points higher at 59,688.22 whereas Nifty ended 174.35 points higher at 17,798.75

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