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

тВ╣3200 to 3230

тВ╣3300 to 3340

Karnataka

тВ╣3280 to 3325

тВ╣3375 to 3400

Uttar Pradesh

┬а ┬а ┬а ┬а тВ╣3400 to 3450

Gujarat

тВ╣3301 to 3321

┬а ┬а ┬а ┬а тВ╣3361 to 3401

Tamil Nadu

тВ╣3310 to 3450

тВ╣3400 to 3475

Madhya Pradesh

тВ╣3350 to 3390

тВ╣3420 to 3460

Punjab

тВ╣3460 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 тВ╣6420, 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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