Daily Sugar Market Update By Vizzie – 15/09/2022

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ChiniMandi, Mumbai: 15th September 2022

Domestic Trade Market
There was not much movement witnessed in the market.

Ex-mill sugar prices as on September, 15 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3340 to 3400

₹3370 to 3450

Karnataka

₹3370 to 3430

₹3400  to 3460

Uttar Pradesh

₹3565 to 3635

Gujarat

₹3361 to 3431

₹3411 to 3481

Tamil Nadu

₹3490 to 3560

₹3575 to 3600

Madhya Pradesh

₹3505 to 3515

₹3565 to 3575

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 $612.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.27 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.759 whereas USD was trading with BRL at 5.2067 Crude futures traded at ₹6933, Crude WTI traded at $86.81/barrel. Sensex closed 412.96 points lower at 59,934.01 whereas Nifty ended 126.35 points lower at 17,877.40.

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