Daily Sugar Market Update By Vizzie – 23/06/2022

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ChiniMandi, Mumbai: 23rd June 2022

Domestic Trade Market

The market witnessed scattered demand.

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3220 to 3260

₹3320 to 3360

Karnataka

₹3260 to 3280

₹3370 to 3400

Uttar Pradesh

₹3500 to 3550

Gujarat

₹3265 to 3340

₹3335 to 3981

Tamil Nadu

₹3440 to 3550

₹3550 to 3600

Madhya Pradesh

₹3410 to 3420

₹3470 to 3480

Punjab

₹3580 to 3631

(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 $553/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.42 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 78.277 whereas USD was trading with BRL at 5.1950, Crude futures traded at ₹8327, Crude WTI traded at $106.25/barrel. Sensex closed 443.19 points higher at 52,265.72 whereas Nifty ended 143.35 points higher at 15,556.65.

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