Daily Sugar Market Update By Vizzie – 30/03/2022

ChiniMandi, Mumbai: 30th March 2022

Domestic Trade Market

Traders witnessed good demand due to less quota expectations for April 2022.

State wise prices today:

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3120 to 3200

₹3225 to 3290

Karnataka

₹3160 to 3230

₹3240 to 3300

Uttar Pradesh

₹3475 to 3600

Gujarat

₹3270 to 3290

₹3301 to 3351

Tamil Nadu

₹3320 to 3400

₹3450 to 3490

Madhya Pradesh

₹3320 to 3360

₹3375 to 3420

Punjab

₹3450 to 3530

(All the above rates are excluding GST)


International Trade Market

At the time of writing this update, the London White Sugar front month contract is trading at $539.60/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.39 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 75.830, whereas USD was trading with BRL at 4.7424, Crude futures traded at Rs.8213, Crude WTI traded at $108.20/barrel. Sensex closed 740.34 points higher at 58,683.99 whereas Nifty ended 172.95 points higher at 17,499.25.

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