Daily Sugar Market Update By Vizzie – 09/11/2022

ChiniMandi, Mumbai: 9th November 2022

Domestic Trade Market
The market witnessed moderate demand.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3290 to 3320

โ‚น3400 to 3450

Karnataka

โ‚น3340 to 3410

โ‚น3460ย  to 3490

Uttar Pradesh

โ‚น3620 to 3700

Gujarat

โ‚น3371 to 3501

Tamil Nadu

โ‚น3425 to 3525

โ‚น3520 to 3550

Madhya Pradesh

โ‚น3490 to 3510

โ‚น3550 to 3580

Punjab

โ‚น3620 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 $536.10/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.91 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.520 whereas USD was trading with BRL at 5.1444, Crude futures traded at โ‚น7514, Crude WTI traded at $88.30/barrel. Sensex closed 151.60 points lower at 61,033.55 whereas Nifty ended 45.80 points lower at 18,157.

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