Daily Sugar Market Update By Vizzie – 23/03/2022

ChiniMandi, Mumbai: 23th March 2022

Domestic Trade Market

Traders witnessed a strong demand.

State wise prices today:

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3130 to 3200

₹3220 to 3280

Karnataka

₹3160 to 3230

₹3240 to 3300

Uttar Pradesh

₹3430 to 3530

Gujarat

₹3281 to 3291

₹3321 to 3341

Tamil Nadu

₹3320 to 3400

₹3430 to 3490

Madhya Pradesh

₹3280 to 3340

₹3360 to 3430

Punjab

₹3475 to 3600

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar front month contract is trading at $549/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22)

Is trading at 19.26 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.432, whereas USD was trading with BRL at 4.9004, Crude futures traded at Rs.8636, Crude WTI traded at $112.80 /barrel. Sensex closed304.48 points lower at 57,684.82 whereas Nifty ended 69.85 points lower at 17,245.65.

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