Daily Sugar Market Update By Vizzie – 12/04/2022

ChiniMandi, Mumbai: 12th April 2022

Domestic Trade Market

The market witnessed moderate demand nationwide.

Ex-mill sugar prices as on April, 12th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3170 to 3220

₹3240 to 3300

Karnataka

₹3200 to 3280

₹3300 to 3360

Uttar Pradesh

₹3450 to 3600

Gujarat

₹3311 to 3351

₹3390 to 3411

Tamil Nadu

₹3410 to 3450

₹3475 to 3550

Madhya Pradesh

₹3420 to 3440

₹3465 to 3490

Punjab

₹3510 to 3541

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 (SWK22) 7front month contract is trading at $561.10/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 20.37 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.185 whereas USD was trading with BRL at 4.6855, Crude futures traded at ₹7455, Crude WTI traded at $97.89/barrel. Sensex closed 388.20 points lower at 58,576.37 whereas Nifty ended 144.65 points lower at 17,530.30

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