Daily Sugar Market Update By Vizzie – 08/12/2022

ChiniMandi, Mumbai: 8th December 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on December, 08 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

тВ╣3270 to 3310

тВ╣3380 to 3420

Karnataka

тВ╣3320 to 3350

тВ╣3370┬а to 3380

Uttar Pradesh

тВ╣3630 to 3720

Gujarat

тВ╣3391 to 3411 – new

тВ╣3351 to 3421 – old

тВ╣3441 to 3451 – new

Tamil Nadu

тВ╣3400 to 3450

тВ╣3475 to 3500

Madhya Pradesh

тВ╣3450 to 3500

тВ╣3555 to 3565

Punjab

тВ╣3590 to 3751

(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 $544/ton, whereas the New York Sugar #11 front month contract is trading at 19.82 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.337 whereas USD was trading with BRL at 5.2077, Crude futures traded at тВ╣6215, Crude WTI traded at $75.33/barrel. Sensex closed 160 points higher at 62,570.86 whereas Nifty ended 48.85 points higher at 18,609.35.

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