Daily Sugar Market Update By Vizzie -28/07/2022

ChiniMandi, Mumbai: 28th July 2022

Domestic Trade Market

The market witnessed good demand.

Ex-mill sugar prices as on July, 28 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3265 to 3280

โ‚น3360 to 3395

Karnataka

โ‚น3310 to 3360

โ‚น3360 to 3590

Uttar Pradesh

โ‚น3480 to 3580

Gujarat

โ‚น3255 to 3311

โ‚น3311 to 3371

Tamil Nadu

โ‚น3410 to 3500

โ‚น3460 to 3550

Madhya Pradesh

โ‚น3415 to 3440

โ‚น3465 to 3490

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 $515.90/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.65 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.623 whereas USD was trading with BRL at 5.2062 Crude futures traded at โ‚น7910, Crude WTI traded at $99.20/barrel. Sensex closed 1041.47 points higher at 56,857.79 whereas Nifty ended 287.80 points higher at 16,929.60.

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