Daily Sugar Market Update By Vizzie – 09/05/2022

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ChiniMandi, Mumbai: 9th May 2022

Domestic Trade Market

The market witnessed moderate demand nationwide.

Ex-mill sugar prices as on May, 09 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3240 to 3300

₹3300 to 3360

Karnataka

₹3250 to 3280

₹3330 to 3380

Uttar Pradesh

₹3500 to 3600

Gujarat

₹3381 to 3421

₹3441 to 3471

Tamil Nadu

₹3475 to 3575

₹3500 to 3525

Madhya Pradesh

₹3400 to 3430

₹3460 to 3490

Punjab

₹3600 to 3651

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $522.80/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 18.76 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 77.501 whereas USD was trading with BRL at 5.0806, Crude futures traded at ₹8312, Crude WTI traded at $107.21/barrel. Sensex closed 364.91 points lower at 54,470.67 whereas Nifty ended 109.40 points lower at 16,301.85.

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