Daily Sugar Market Update By Vizzie – 27/01/2023

ChiniMandi, Mumbai: 27th January 2023

Domestic Trade Market
The market witnessed scanty demand.

Ex-mill sugar prices as on January, 27 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

тВ╣3200 to 3220

тВ╣3270 to 3370

Karnataka

тВ╣3250 to 3325

тВ╣3300┬а to 3375

Uttar Pradesh

┬а ┬а ┬а ┬а ┬а ┬а тВ╣3450 to 3500

Gujarat

тВ╣3281 to 3311

┬а ┬а ┬а ┬а ┬а ┬а тВ╣3311 to 3351

Tamil Nadu

тВ╣3350 to 3425

тВ╣3400 to 3475

Madhya Pradesh

тВ╣3330 to 3370

тВ╣3390 to 3440

Punjab

тВ╣3490 to 3581

(All the above rates are excluding GST)

 

International Trade Market

At the time of writing this update London White Sugar #5 front month contract is trading at $560.60/ton, whereas the New York Sugar #11 front month contract is trading at 20.85 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.623, whereas USD was trading with BRL at 5.0905, Crude futures traded at тВ╣6713, Crude WTI traded at $81.623/barrel. Sensex closed 874.16 points lower at 59330.90 whereas Nifty ended 287.60 points lower at 17,604.35.

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