Daily Sugar Market Update By Vizzie – 21/06/2022

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ChiniMandi, Mumbai: 21st June 2022

Domestic Trade Market

The market witnessed scattered demand.

Ex-mill sugar prices as on June, 21 2022 :

 

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3260

₹3310 to 3360

Karnataka

₹3240 to 3280

₹3350 to 3400

Uttar Pradesh

₹3500 to 3550

Gujarat

₹3275 to 3355

₹3345 to 3991

Tamil Nadu

₹3480 to 3550

₹3575 to 3600

Madhya Pradesh

₹3430 to 3440

₹3480 to 3490

Punjab

₹3601 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 $565.20/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.87 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 78.117 whereas USD was trading with BRL at 5.1589, Crude futures traded at ₹8632, Crude WTI traded at $110.22/barrel. Sensex closed 934.23 points higher at 52,532.07 whereas Nifty ended 288.65 points higher at 15,638.80

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