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

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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

₹3265 to 3280

₹3360 to 3395

Karnataka

₹3310 to 3360

₹3360 to 3590

Uttar Pradesh

₹3480 to 3580

Gujarat

₹3255 to 3311

₹3311 to 3371

Tamil Nadu

₹3410 to 3500

₹3460 to 3550

Madhya Pradesh

₹3415 to 3440

₹3465 to 3490

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 $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 ₹7910, 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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