Daily Sugar Market Update By Vizzie – 25/07/2022

ChiniMandi, Mumbai: 25th July 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on July, 25 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3240 to 3260

โ‚น3340 to 3380

Karnataka

โ‚น3290 to 3340

โ‚น3340 to 3580

Uttar Pradesh

โ‚น3530 to 3580

Gujarat

โ‚น3255 to 3311

โ‚น3311 to 3371

Tamil Nadu

โ‚น3425 to 3500

โ‚น3475 to 3550

Madhya Pradesh

โ‚น3395 to 3405

โ‚น3455 to 3465

Punjab

โ‚น3525 to 3591

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 front month contract (SWV22) is trading at $521.30/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.80 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.782 whereas USD was trading with BRL at 5.4532 Crude futures traded at โ‚น7710, Crude WTI traded at $96.39/barrel. Sensex closed 306.01 points lower at 55,766.22 whereas Nifty ended 88.45 points lower at 16,631.

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