Daily Sugar Market Update By Vizzie – 16/08/2022

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ChiniMandi, Mumbai: 16th August 2022

Domestic Trade Market

The market witnessed good demand after a long weekend, prices remained range bound.

Ex-mill sugar prices as on August, 16 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3330 to 3370

₹3400 to 3460

Karnataka

₹3350 to 3420

₹3430 to 3520

Uttar Pradesh

₹3535 to 3620

Gujarat

₹3331 to 3391

₹3381 to 3441

Tamil Nadu

₹3500 to 3550

₹3550 to 3600

Madhya Pradesh

₹3480 to 3495

₹3530 to 3560

Punjab

₹3600 to 3661

(All the above rates are excluding GST)

 

International Trade Market

At the time of writing this update, the London White Sugar #5 front month contract (SWV22) is trading at $557.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.50 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.332 whereas USD was trading with BRL at 5.1342 Crude futures traded at ₹7126, Crude WTI traded at $89.67/barrel. Sensex closed 379.43 points higher at 59,842.21 whereas Nifty ended 127.10 points higher at 17,825.25.

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