Daily Sugar Market Update By Vizzie – 15/06/2022

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ChiniMandi, Mumbai: 15th June 2022

Domestic Trade Market

The market witnessed moderate demand today.

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3280

₹3350 to 3380

Karnataka

₹3280 to 3330

₹3400 to 3430

Uttar Pradesh

₹3535 to 3675

Gujarat

₹3280 to 3341

₹3345 to 3991

Tamil Nadu

₹3450 to 3550

₹3575 to 3600

Madhya Pradesh

₹3410 to 3430

₹3470 to 3480

Punjab

₹3560 to 3601

(All the above rates are excluding GST)

International Trade Market

On Friday, sugar prices closed lower on worries of global economies. London sugar prices closed lower $14.40 at $564.30/tonne whereas NY sugar closed 0.42 cents lower at 18.87 c/lb.

At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $566.20/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.61c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 78.136 whereas USD was trading with BRL at 5.0985, Crude futures traded at ₹9251, Crude WTI traded at $118.42/barrel. Sensex closed 152.18 points lower at 52,541.39 whereas Nifty ended 39.95 points lower at 15,692.15.

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