Daily Sugar Market Update By Vizzie – 14/07/2022

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ChiniMandi, Mumbai: 14th July 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on July, 14 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3225 to 3255

₹3330 to 3370

Karnataka

₹3250 to 3330

₹3380 to 3490

Uttar Pradesh

₹3410 to 3580

Gujarat

₹3265 to 3311

₹3315 to 3361

Tamil Nadu

₹3380 to 3550

₹3500 to 3550

Madhya Pradesh

₹3390 to 3400

₹3450 to 3460

Punjab

₹3525 to 3591

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 front month contract (SWQ22) is trading at $548.70/ton, whereas the New York Sugar #11 front month contract (SBN22) is trading at 18.98 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.950 whereas USD was trading with BRL at 5.3932 Crude futures traded at ₹7562, Crude WTI traded at $94.47/barrel. Sensex closed 98 points lower at 53,416.15 whereas Nifty ended 28 points lower at 15,938.65.

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