Daily Sugar Market Update By Vizzie – 27/05/2022

ChiniMandi, Mumbai: 27th May 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on May, 27 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3220 to 3250

₹3310 to 3340

Karnataka

₹3250 to 3290

₹3315 to 3350

Uttar Pradesh

₹3430 to 3580

Gujarat

₹3310 to 3361

₹3371 to 3411

Tamil Nadu

₹3450 to 3575

₹3500 to 3625

Madhya Pradesh

₹3365 to 3390

₹3430 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 $566.60/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.62 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 77.595 whereas USD was trading with BRL at 4.7576, Crude futures traded at ₹8809, Crude WTI traded at $113.45/barrel. Sensex closed 632.13 points higher at 54,884.66 whereas Nifty ended 182.30 points higher at 16,352.45

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