Daily Sugar Market Update By Vizzie – 18/01/2023

ChiniMandi, Mumbai: 18th January 2023

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on January, 18 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

тВ╣3200 to 3310

тВ╣3300 to 3410

Karnataka

тВ╣3250 to 3325

тВ╣3300┬а to 3400

Uttar Pradesh

┬а ┬а ┬а ┬а ┬а ┬а тВ╣3450 to 3520

Gujarat

тВ╣3281 to 3311

┬а ┬а ┬а ┬а ┬а ┬а тВ╣3311 to 3351

Tamil Nadu

тВ╣3320 to 3425

тВ╣3400 to 3475

Madhya Pradesh

тВ╣3340 to 3375

тВ╣3410 to 3445

Punjab

тВ╣3490 to 3581

(All the above rates are excluding GST)

 

International Trade Market

At the time of writing this update London White Sugar #5 front month contract is trading at $557.70/ton, whereas the New York Sugar #11 front month contract is trading at 20.12 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.314, whereas USD was trading with BRL at 5.1007, Crude futures traded at тВ╣6653, Crude WTI traded at $82.06/barrel. Sensex closed 390.02 points higher at 61,045.74 whereas Nifty ended 112.05 points higher at 18,165.35.

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