Daily Sugar Market Update By Vizzie – 25/01/2022

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ChiniMandi, Mumbai: 25th January 2022

Domestic Trade Market

The market witnessed moderate demand.

State wise prices today:

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3170 to 3220

₹3250 to 3315

Karnataka

₹3230 to 3250

₹3250 to 3300

Uttar Pradesh

₹3410 to 3440

Gujarat

₹3200 to 3300

₹3321 to 3400

Tamil Nadu

₹3350 to 3450

₹3400 to 3500

(All the above rates are excluding GST)

International Trade Market

Yesterday the sugar futures contracts closed lower on international exchanges. London white sugar #5 (SWH22) closed down $0.90 at $505.40/ton whereas US sugar #11 (SBH22) closed down 0.09 points at 18.81 c/lb

At the time of writing this update, the London White Sugar front month contract is trading at $504.10/ton, whereas the New York Sugar front month contract is trading at 18.76/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 74.793 whereas USD was trading with BRL at 5.4880, Crude futures traded at Rs.6277, Crude WTI traded at $83.80 barrel. Sensex closed 366.64 points higher at 57,858.15 whereas Nifty ended 128.85 points higher at 17,277.95.

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