Daily Sugar Market Update By Vizzie – 11/05/2022

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ChiniMandi, Mumbai: 11th May 2022

Domestic Trade Market

The market witnessed scanty demand nationwide. Sugar prices were Rs.20/Quintal down in all the regions.

Ex-mill sugar prices as on May, 11 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3220 to 3280

₹3300 to 3340

Karnataka

₹3240 to 3290

₹3310 to 3360

Uttar Pradesh

₹3480 to 3580

Gujarat

₹3341 to 3381

₹3401 to 3451

Tamil Nadu

₹3475 to 3575

₹3550 to 3625

Madhya Pradesh

₹3390 to 3430

₹3450 to 3465

Punjab

₹3550 to 3601

(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 $518.80/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 18.60 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 77.435 whereas USD was trading with BRL at 5.1530, Crude futures traded at ₹7927, Crude WTI traded at $102.36/barrel. Sensex closed 276.46 points lower at 54,088.39 whereas Nifty ended 72.95 points lower at 16,167.10

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