Daily Sugar Market Update By Vizzie – 19/04/2022

ChiniMandi, Mumbai: 18th April 2022

Domestic Trade Market

The market witnessed good demand nationwide.

Ex-mill sugar prices as on April, 19th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

тВ╣3200 to 3270

тВ╣3270 to 3350

Karnataka

тВ╣3250 to 3290

тВ╣3310 to 3370

Uttar Pradesh

тВ╣3580 to 3670

Gujarat

тВ╣3351 to 3381

тВ╣3431 to 3501

Tamil Nadu

тВ╣3480 to 3560

тВ╣3550 to 3600

Madhya Pradesh

тВ╣3425 to 3450

тВ╣3470 to 3500

Punjab

тВ╣3570 to 3631

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $544.30/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.88 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.432 whereas USD was trading with BRL at 4.6415, Crude futures traded at тВ╣7943, Crude WTI traded at $103.47/barrel. Sensex closed 703.59 points lower at 56,463.15 whereas Nifty ended 215 points lower at 16,958.65.

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