Daily Sugar Market Update By Vizzie – 22/04/2022

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ChiniMandi, Mumbai: 22nd April 2022

Domestic Trade Market

The market witnessed good demand nationwide.
Ex-mill sugar prices as on April, 20th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3260

₹3270 to 3360

Karnataka

₹3250 to 3300

₹3320 to 3360

Uttar Pradesh

₹3550 to 3650

Gujarat

₹3355 to 3371

₹3421 to 3501

Tamil Nadu

₹3500 to 3575

₹3580 to 3625

Madhya Pradesh

₹3430 to 3450

₹3470 to 3500

Punjab

₹3600 to 3651

(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 $538.50/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22)

is trading at 19.75 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.521 whereas USD was trading with BRL at 4.7182, Crude futures traded at ₹7859, Crude WTI traded at $102.47/barrel. Sensex closed 714.59 points lower at 57,197.15 whereas Nifty ended 220.65 points higher at 17,171.95.

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