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

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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

₹3240 to 3260

₹3340 to 3380

Karnataka

₹3290 to 3340

₹3340 to 3580

Uttar Pradesh

₹3530 to 3580

Gujarat

₹3255 to 3311

₹3311 to 3371

Tamil Nadu

₹3425 to 3500

₹3475 to 3550

Madhya Pradesh

₹3395 to 3405

₹3455 to 3465

Punjab

₹3525 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 ₹7710, 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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