Daily Sugar Market Update By Vizzie – 23/09/2022

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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

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