Daily Sugar Market Update By Vizzie – 22/02/2023

ChiniMandi, Mumbai: 22nd February 2023

Domestic Market

The market witnessed moderate demand

Ex-mill sugar prices as on February, 22 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3200 to 3230

โ‚น3300 to 3340

Karnataka

โ‚น3280 to 3325

โ‚น3375 to 3400

Uttar Pradesh

ย  ย  ย  ย  โ‚น3400 to 3450

Gujarat

โ‚น3301 to 3321

ย  ย  ย  ย  โ‚น3361 to 3401

Tamil Nadu

โ‚น3310 to 3450

โ‚น3400 to 3475

Madhya Pradesh

โ‚น3350 to 3390

โ‚น3420 to 3460

Punjab

โ‚น3460 to 3551

(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 $573.70/ton, whereas the New York Sugar #11 front month contract is trading at 21.62 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.789, whereas USD was trading with BRL at 5.1679, Crude futures traded at โ‚น6420, Crude WTI traded at $77.31/barrel. Sensex closed 18.82 points lower at 60,672.72 whereas Nifty ended 17.90 points lower at 17,826.70.

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