Daily Sugar Market Update By Vizzie – 23/01/2023

ChiniMandi, Mumbai: 23rd January 2023

Domestic Trade Market
The market witnessed scanty demand.

Ex-mill sugar prices as on January, 23 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

тВ╣3200 to 3220

тВ╣3270 to 3370

Karnataka

тВ╣3250 to 3325

тВ╣3300┬а to 3375

Uttar Pradesh

┬а ┬а ┬а ┬а ┬а ┬а тВ╣3450 to 3500

Gujarat

тВ╣3281 to 3311

┬а ┬а ┬а ┬а ┬а ┬а тВ╣3311 to 3351

Tamil Nadu

тВ╣3350 to 3425

тВ╣3400 to 3475

Madhya Pradesh

тВ╣3330 to 3370

тВ╣3390 to 3440

Punjab

тВ╣3490 to 3581

(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 $548.60/ton, whereas the New York Sugar #11 front month contract is trading at 19.85 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.410, whereas USD was trading with BRL at 5.1975, Crude futures traded at тВ╣6695, Crude WTI traded at $82.16/barrel. Sensex closed 319.90 points higher at 60,941.67 whereas Nifty ended 90.90 points higher at 18,118.55

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