Daily Sugar Market Update By Vizzie – 14/05/2022

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ChiniMandi, Mumbai: 14th May 2022

Domestic Trade Market

The market witnessed scanty demand nationwide throughout the week. Sugar prices were ₹40 to 50/Quintal lower than last week.

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

Yesterday sugar prices closed higher owing to strength in crude prices.
London White Sugar #5 (SWK22) front month contract closed up $14.80 at $535.70/ton up, whereas the New York Sugar front month contract US sugar #11 (SBK22) closed 0.53 points up at 19.17 c/lb.

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