Daily Sugar Market Update By Vizzie – 20/07/2022

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ChiniMandi, Mumbai: 20th July 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on July, 20 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3280

₹3350 to 3390

Karnataka

₹3300 to 3350

₹3450 to 3590

Uttar Pradesh

₹3420 to 3580

Gujarat

₹3285 to 3341

₹3345 to 3401

Tamil Nadu

₹3400 to 3450

₹3450 to 3550

Madhya Pradesh

₹3430 to 3480

₹3470 to 3485

Punjab

₹3525 to 3591

(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 $539.70/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.83 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.88 whereas USD was trading with BRL at 5.3949 Crude futures traded at ₹79.975, Crude WTI traded at $99.12/barrel. Sensex closed 629.91 points higher at 55,397.53 whereas Nifty ended 180.30 points higher at 16,520.85.

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