Daily Sugar Market Update By Vizzie – 19/09/2022

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ChiniMandi, Mumbai: 19th September 2022

Domestic Trade Market
The market witnessed scanty demand nationwide with prices getting reduced by ₹20-30/quintal.

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

State S/30
[Rates per Quintal]
M/30
[Rates per Quintal]
Maharashtra ₹3330 to 3400 ₹3350 to 3430
Karnataka ₹3350 to 3400 ₹3380 to 3440
Uttar Pradesh ₹3530 to 3600
Gujarat ₹3361 to 3431 ₹3411 to 3481
Tamil Nadu ₹3470 to 3525 ₹3550 to 3575
Madhya Pradesh ₹3505 to 3515 ₹3560 to 3570
Punjab ₹3590 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 not trading today, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.77 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.709 whereas USD was trading with BRL at 5.2761 Crude futures traded at ₹6558, Crude WTI traded at $81.92/barrel. Sensex closed 300.44 points higher at 59,141.23 whereas Nifty ended 91.40 points higher at 17,622.25

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