Daily Sugar Market Update By Vizzie – 20/09/2022

242

ChiniMandi, Mumbai: 20th September 2022

Domestic Trade Market
The market has been stagnant. Marketmen are distressed with no demand despite it being a month of festivity.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3340 to 3400

₹3370 to 3450

Karnataka

₹3370 to 3430

₹3400  to 3460

Uttar Pradesh

₹3565 to 3635

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 trading at $533.50/ton, 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 79.715 whereas USD was trading with BRL at 5.1746 Crude futures traded at ₹6803, Crude WTI traded at $81.92/barrel. Sensex closed 578.51 points higher at 59,719.74 whereas Nifty ended 194 points higher at 17,816.25.

LEAVE A REPLY

Please enter your comment!
Please enter your name here