Daily Sugar Market Update By Vizzie – 13/06/2022

ChiniMandi, Mumbai: 13th June 2022

Domestic Trade Market

The market witnessed moderate demand today.

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3280

₹3350 to 3380

Karnataka

₹3280 to 3330

₹3400 to 3430

Uttar Pradesh

₹3475 to 3575

Gujarat

₹3311 to 3381

₹3371 to 3421

Tamil Nadu

₹3435 to 3550

₹3485 to 3600

Madhya Pradesh

₹3400 to 3415

₹3460 to 3475

Punjab

₹3550 to 3591

(All the above rates are excluding GST)

International Trade Market

On Friday, sugar prices closed lower on worries of global economies. London sugar prices closed lower $14.40 at $564.30/tonne whereas NY sugar closed 0.42 cents lower at 18.87 c/lb.

At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $559.10/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.68 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 78.049 whereas USD was trading with BRL at 4.9875, Crude futures traded at ₹9270, Crude WTI traded at $118.81/barrel. Sensex closed 1456.74 points lower at 52,846.70 whereas Nifty ended 427.40 points lower at 15,774.40

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