Daily Sugar Market Update By Vizzie – 14/10/2022

ChiniMandi, Mumbai: 14th October 2022

Domestic Trade Market
The market witnessed moderate demand.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3330 to 3350

₹3380 to 3450

Karnataka

₹3380 to 3400

₹3450  to 3500

Uttar Pradesh

₹3550 to 3620

Gujarat

₹3361 to 3411

₹3411 to 3461

Tamil Nadu

₹3400 to 3450

₹3475 to 3550

Madhya Pradesh

₹3505 to 3525

₹3560 to 3585

Punjab

₹3610 to 3680

(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 $560.80/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.87 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.264 whereas USD was trading with BRL at 5.2690, Crude futures traded at ₹7205, Crude WTI traded at $87.44/barrel. Sensex closed 684.64 points higher at 57,919.97 whereas Nifty ended 171.35 points higher at 17,185.70.

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