Daily Sugar Market Update By Vizzie – 20/04/2022

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ChiniMandi, Mumbai: 20th April 2022

Domestic Trade Market

The market witnessed good demand nationwide.

Ex-mill sugar prices as on April, 20th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3260

₹3270 to 3350

Karnataka

₹3250 to 3280

₹3310 to 3360

Uttar Pradesh

₹3570 to 3660

Gujarat

₹3351 to 3391

₹3431 to 3501

Tamil Nadu

₹3480 to 3560

₹3550 to 3600

Madhya Pradesh

₹3425 to 3450

₹3470 to 3500

Punjab

₹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 $538.50/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.75 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.307 whereas USD was trading with BRL at 4.6589, Crude futures traded at ₹7935, Crude WTI traded at $7932/barrel. Sensex closed 574.35 points higher at 57,037.50 whereas Nifty ended 177.90 points higher at 17,136.55.

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