Daily Sugar Market Update By Vizzie – 16/09/2022

ChiniMandi, Mumbai: 16th September 2022

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

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3340 to 3400

โ‚น3370 to 3450

Karnataka

โ‚น3370 to 3430

โ‚น3400ย  to 3460

Uttar Pradesh

โ‚น3565 to 3635

Gujarat

โ‚น3361 to 3431

โ‚น3411 to 3481

Tamil Nadu

โ‚น3490 to 3560

โ‚น3575 to 3600

Madhya Pradesh

โ‚น3505 to 3515

โ‚น3560 to 3570

Punjab

โ‚น3600 to 3640

(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 $533.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.02 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.734 whereas USD was trading with BRL at 5.2744 Crude futures traded at โ‚น6811, Crude WTI traded at $85.31/barrel. Sensex closed 1093.22 points lower at 58,840.79 whereas Nifty ended 346.55 points lower at 17,530.85

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