Daily Sugar Market Update By Vizzie – 14/09/2022

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ChiniMandi, Mumbai: 14th September 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on September, 14 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

₹3565 to 3635

Gujarat

₹3371 to 3441

₹3421 to 3491

Tamil Nadu

₹3510 to 3575

₹3600 to 3650

Madhya Pradesh

₹3505 to 3515

₹3575 to 3585

Punjab

₹3600 to 3651

(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 $601.30/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.26 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.451 whereas USD was trading with BRL at 5.1527 Crude futures traded at ₹6950, Crude WTI traded at $87.28/barrel. Sensex closed 224.11 points lower at 60,346.97 whereas Nifty ended 66.30 points lower at 18,003.75.

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