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
