Daily Sugar Market Update By Vizzie – 16/06/2022

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ChiniMandi, Mumbai: 16th June 2022

Domestic Trade Market

The market witnessed good demand today.
Ex-mill sugar prices as on June, 16 2022 :

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

₹3460 to 3550

₹3510 to 3600

Madhya Pradesh

₹3425 to 3435

₹3485 to 3490

Punjab

₹3580 to 3621

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $556.50/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.41 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 78.076 whereas USD was trading with BRL at 5.0537, Crude futures traded at ₹8834, Crude WTI traded at $113.22/barrel. Sensex closed 1045.60 points lower at 51,495.79 whereas Nifty ended 331.55 points lower at 15,360.60.

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