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

₹3270 to 3310

₹3380 to 3420

Karnataka

₹3335 to 3350

₹3370  to 3380

Uttar Pradesh

₹3560 to 3650

Gujarat

₹3401 to 3421 – new

₹3351 to 3421 – old

₹3451 to 3471 – new

Tamil Nadu

₹3375 to 3475

₹3450 to 3525

Madhya Pradesh

₹3460 to 3495

₹3555 to 3565

Punjab

₹3610 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 ₹6678, 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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