Daily Sugar Market Update By Vizzie – 27/06/2022

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ChiniMandi, Mumbai: 27th June 2022

Domestic Trade Market

The market witnessed poor demand.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3260

₹3320 to 3360

Karnataka

₹3240 to 3280

₹3370 to 3400

Uttar Pradesh

₹3500 to 3550

Gujarat

₹3275 to 3335

₹3335 to 3371

Tamil Nadu

₹3400 to 3500

₹3450 to 3500

Madhya Pradesh

₹3410 to 3420

₹3470 to 3480

Punjab

₹3570 to 3621

(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 $540.90/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.25 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 78.529 whereas USD was trading with BRL at 5.2446, Crude futures traded at ₹8447, Crude WTI traded at $107.50/barrel. Sensex closed 433.30 points higher at 53161.28 whereas Nifty ended 132.80 points higher at 15,832.05.

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