Daily Sugar Market Update By Vizzie -29/07/2022

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ChiniMandi, Mumbai: 29th July 2022

Domestic Trade Market

The market witnessed good demand.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3280 to 3295

₹3380 to 3395

Karnataka

₹3330 to 3380

₹3430 to 3590

Uttar Pradesh

₹3520 to 3610

Gujarat

₹3295 to 3335

₹3335 to 3400

Tamil Nadu

₹3440 to 3500

₹3500 to 3550

Madhya Pradesh

₹3425 to 3440

₹3475 to 3490

Punjab

₹3545 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 $527.20/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.58 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.415 whereas USD was trading with BRL at 5.1963 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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