Daily Sugar Market Update By Vizzie – 30/01/2023

ChiniMandi, Mumbai:30th January 2023

Domestic Trade Market
The market witnessed scanty demand.

Ex-mill sugar prices as on January, 30 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3200 to 3220

โ‚น3270 to 3370

Karnataka

โ‚น3250 to 3325

โ‚น3300ย  to 3375

Uttar Pradesh

ย  ย  ย  ย  ย  ย  โ‚น3450 to 3500

Gujarat

โ‚น3281 to 3311

ย  ย  ย  ย  ย  ย  โ‚น3311 to 3351

Tamil Nadu

โ‚น3350 to 3425

โ‚น3400 to 3475

Madhya Pradesh

โ‚น3330 to 3370

โ‚น3390 to 3440

Punjab

โ‚น3490 to 3581

(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 $562.20/ton, whereas the New York Sugar #11 front month contract is trading at 21.08 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.488, whereas USD was trading with BRL at 5.1110, Crude futures traded at โ‚น6508, Crude WTI traded at $81.487/barrel. Sensex closed 169.51 points higher at 59,500.41 whereas Nifty ended 44.60 points higher at 17,648.95.

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