Daily Sugar Market Update By Vizzie – 28/11/2022

ChiniMandi, Mumbai: 28th November 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on November, 28th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3270 to 3310

₹3380 to 3420

Karnataka

₹3335 to 3350

₹3370  to 3380

Uttar Pradesh

₹3560 to 3650

Gujarat

₹3391 to 3411 – new

₹3351 to 3421 – old

₹3441 to 3451 – new

Tamil Nadu

₹3375 to 3475

₹3450 to 3525

Madhya Pradesh

₹3450 to 3500

₹3555 to 3565

Punjab

₹3590 to 3751

(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 $525.80/ton, whereas the New York Sugar #11 front month contract is trading at 19.13 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.660 whereas USD was trading with BRL at 5.3783, Crude futures traded at ₹6116, Crude WTI traded at $74.38/barrel. Sensex closed 211.16 points higher at 62,504.80 whereas Nifty ended 50 points higher at 18,562.75

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