Daily Sugar Market Update By Vizzie – 29/06/2022

ChiniMandi, Mumbai: 29th June 2022

Domestic Trade Market

The market witnessed scanty demand.

Ex-mill sugar prices as on June, 29 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3200 to 3260

โ‚น3320 to 3360

Karnataka

โ‚น3240 to 3280

โ‚น3370 to 3400

Uttar Pradesh

โ‚น3500 to 3550

Gujarat

โ‚น3275 to 3335

โ‚น3335 to 3371

Tamil Nadu

โ‚น3400 to 3500

โ‚น3450 to 3500

Madhya Pradesh

โ‚น3405 to 3420

โ‚น3460 to 3475

Punjab

โ‚น3570 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 $549.40/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.32 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 78.996 whereas USD was trading with BRL at 5.1982, Crude futures traded at โ‚น8973, Crude WTI traded at $113.67/barrel. Sensex closed 150.48 points lower at 53026.97 whereas Nifty ended 51.10 points lower at 15,799.10

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