Daily Sugar Market Update By Vizzie – 13/05/2022

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ChiniMandi, Mumbai: 13th May 2022

Domestic Trade Market

The market witnessed scanty demand nationwide.

Ex-mill sugar prices as on May, 13 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

₹3330 to 3390

₹3430 to 3450

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 $528.90/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 18.91 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 77.521 whereas USD was trading with BRL at 5.1396, Crude futures traded at ₹8443, Crude WTI traded at $108.97/barrel. Sensex closed 136.69 points lower at 52,793.62 whereas Nifty ended 25.85 points lower at 15,782.15.

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