Daily Sugar Market Update By Vizzie – 24/05/2022

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ChiniMandi, Mumbai: 24th May 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on May, 20 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3230 to 3260

₹3310 to 3340

Karnataka

₹3250 to 3290

₹3315 to 3350

Uttar Pradesh

₹3460 to 3550

Gujarat

₹3310 to 3361

₹3371 to 3411

Tamil Nadu

₹3500 to 3625

₹3550 to 3675

Madhya Pradesh

₹3365 to 3390

₹3425 to 3450

Punjab

₹3555 to 3611

(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 $559.70/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.98 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 77.576 whereas USD was trading with BRL at 4.8190, Crude futures traded at ₹8594, Crude WTI traded at $110.64/barrel. Sensex closed 236 points lower at 54,052.61 whereas Nifty ended 89.55 points lower at 16,125.15.

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