Daily Sugar Market Update By Vizzie – 18/07/2022

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ChiniMandi, Mumbai: 18th July 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on July, 18 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3225 to 3260

₹3330 to 3370

Karnataka

₹3250 to 3330

₹3450 to 3590

Uttar Pradesh

₹3410 to 3580

Gujarat

₹3285 to 3331

₹3335 to 3381

Tamil Nadu

₹3370 to 3500

₹3430 to 3550

Madhya Pradesh

₹3400 to 3425

₹3460 to 3485

Punjab

₹3525 to 3591

(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 $558.10/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 19.45 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.991 whereas USD was trading with BRL at 5.3752 Crude futures traded at ₹7982, Crude WTI traded at $96.80/barrel. Sensex closed 760.37 points higher at 54,521.15 whereas Nifty ended 229.30 points higher at 16,278.50.

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