Daily Sugar Market Update By Vizzie – 12/05/2022

ChiniMandi, Mumbai: 12th May 2022

Domestic Trade Market

The market witnessed scanty demand nationwide. Sugar prices were Rs.10/Quintal lower than yesterday at all major markets.

Ex-mill sugar prices as on May, 12 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3210 to 3270

₹3290 to 3330

Karnataka

₹3230 to 3280

₹3310 to 3350

Uttar Pradesh

₹3470 to 3570

Gujarat

₹3331 to 3371

₹3391 to 3441

Tamil Nadu

₹3465 to 3565

₹3540 to 3625

Madhya Pradesh

₹3400 to 3405

₹3450 to 3465

Punjab

₹3540 to 3591

(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 $513.90/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 18.45 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 77.473 whereas USD was trading with BRL at 5.1910, Crude futures traded at ₹8045, Crude WTI traded at $103.85/barrel. Sensex closed 1158.08 points lower at 52,930.31 whereas Nifty ended 3591.10 points lower at 15,808.

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