ChiniMandi, Mumbai: 23rd September 2022
Domestic Trade Market
The market witnessed poor demand. Marketmen are distressed with no demand despite it being a month of festivity. Millers are also struggling to sell the monthly allocated quota.
Ex-mill sugar prices as on September, 23 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3320 to 3380 |
₹3340 to 3420 |
|
Karnataka |
₹3330 to 3380 |
₹3400 to 3460 |
|
Uttar Pradesh |
|
₹3510 to 3600 |
|
Gujarat |
₹3361 to 3431 |
₹3411 to 3481 |
|
Tamil Nadu |
₹3440 to 3525 |
₹3525 to 3575 |
|
Madhya Pradesh |
₹3480 to 3500 |
₹3540 to 3550 |
|
Punjab |
|
₹3570 to 3620 |
|
(All the above rates are excluding GST) |
||
International Trade Market
At the time of writing this update London White Sugar #5 front month contract (SWV22) is trading at $532.80/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.51 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 80.986 whereas USD was trading with BRL at 5.2022 Crude futures traded at ₹6477, Crude WTI traded at $79.48/barrel. Sensex closed 1020 points lower at 58098.92 whereas Nifty ended 302.45 points lower at 17,327.35
