Daily Sugar Market Update By Vizzie – 12/09/2022

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ChiniMandi, Mumbai: 12th September 2022

Domestic Trade Market
The market witnessed moderate demand.

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

 

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3330 to 3420

₹3370 to 3450

Karnataka

₹3370 to 3460

₹3400  to 3480

Uttar Pradesh

₹3550 to 3650

Gujarat

₹3371 to 3441

₹3421 to 3491

Tamil Nadu

₹3510 to 3600

₹3600 to 3650

Madhya Pradesh

₹3520 to 3530

₹3580 to 3590

Punjab

₹3570 to 3630

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update London White Sugar #5 front month contract (SWV22) is trading at $607.30/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.37 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.464 whereas USD was trading with BRL at 5.1200 Crude futures traded at ₹7091, Crude WTI traded at $88.23/barrel. Sensex closed 321.99 points higher at 60,115.13 whereas Nifty ended 103 points higher at 17,936.35

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