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

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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

₹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

₹3560 to 3570

Punjab

₹3600 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 ₹6811, 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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