Daily Sugar Market Update By Vizzie – 14/11/2022

ChiniMandi, Mumbai: 14th November 2022

Domestic Trade Market
The market witnessed good demand.

Ex-mill sugar prices as on November, 14th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3350

₹3340 to 3425

Karnataka

₹3320 to 3380

₹3380  to 3425

Uttar Pradesh

₹3550 to 3640

Gujarat

₹ 3361

₹3361 to 3431

Tamil Nadu

₹3390 to 3500

₹3470 to 3550

Madhya Pradesh

₹3495 to 3505

₹3555 to 3565

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 is trading at $564.40/ton, whereas the New York Sugar #11 front month contract is trading at 19.55 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.233 whereas USD was trading with BRL at 5.2737, Crude futures traded at ₹7151, Crude WTI traded at $87.89/barrel. Sensex closed 170.89 points lower at 61,624.15 whereas Nifty ended 20.55 points lower at 17,329.15.

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