Daily Sugar Market Update By Vizzie – 19/08/2022

309

ChiniMandi, Mumbai: 19th August 2022

Domestic Trade Market

The market witnessed good demand. Marketmen are expecting to witness better demand in the coming days with the Ganesh Chaturthi and Navratri in the upcoming month.

Ex-mill sugar prices as on August, 19 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3340 to 3380

₹3430 to 3470

Karnataka

₹3390 to 3430

₹3470 to 3490

Uttar Pradesh

₹3580 to 3650

Gujarat

₹3351 to 3431

₹3401 to 3481

Tamil Nadu

₹3510 to 3555

₹3575 to 3600

Madhya Pradesh

₹3500 to 3535

₹3585 to 3595

Punjab

₹3600 to 3661

(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 $542.70/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.68 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.875 whereas USD was trading with BRL at 5.2005 Crude futures traded at ₹7240, Crude WTI traded at $90.81/barrel. Sensex closed 651.85 points lower at 59,646.15 whereas Nifty ended 198.05 points lower at 17,758.45

LEAVE A REPLY

Please enter your comment!
Please enter your name here