Daily Sugar Market Update By Vizzie – 22/11/2022

ChiniMandi, Mumbai: 22nd November 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on November, 22nd 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3270 to 3310

โ‚น3380 to 3420

Karnataka

โ‚น3335 to 3350

โ‚น3370ย  to 3380

Uttar Pradesh

โ‚น3560 to 3650

Gujarat

โ‚น3401 to 3421 – new

โ‚น3351 to 3421 – old

โ‚น3451 to 3471 – new

Tamil Nadu

โ‚น3375 to 3475

โ‚น3450 to 3525

Madhya Pradesh

โ‚น3460 to 3495

โ‚น3555 to 3565

Punjab

โ‚น3610 to 3680

(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 $540.10/ton, whereas the New York Sugar #11 front month contract is trading at 18.94 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.652 whereas USD was trading with BRL at 5.3083, Crude futures traded at โ‚น6678, Crude WTI traded at $81.36/barrel. Sensex closed 274.12 points higher at 61,418.96 whereas Nifty ended 84.25 points lower at 18,244.20.

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