Daily Sugar Market Update By Vizzie – 20/01/2023

ChiniMandi, Mumbai: 20th December 2022

Domestic Trade Market
The market witnessed moderate demand.

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3310

₹3300 to 3410

Karnataka

₹3250 to 3325

₹3300  to 3400

Uttar Pradesh

            ₹3450 to 3520

Gujarat

₹3281 to 3311

            ₹3311 to 3351

Tamil Nadu

₹3320 to 3425

₹3400 to 3475

Madhya Pradesh

₹3340 to 3375

₹3410 to 3445

Punjab

₹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 $543.70/ton, whereas the New York Sugar #11 front month contract is trading at 19.55 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.124 whereas USD was trading with BRL at 5.1965, Crude futures traded at ₹6215, Crude WTI traded at $80.68/barrel. Sensex closed 236.66 points lower at 60,621.77 whereas Nifty ended 80.20 points lower at 18,027.65.

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