Daily Sugar Market Update By Vizzie -30/05/2022

ChiniMandi, Mumbai: 30th May 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on May, 30 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3220 to 3250

₹3310 to 3340

Karnataka

₹3250 to 3290

₹3315 to 3350

Uttar Pradesh

₹3430 to 3580

Gujarat

₹3310 to 3361

₹3371 to 3411

Tamil Nadu

₹3425 to 3540

₹3475 to 3575

Madhya Pradesh

₹3365 to 3390

₹3390 to 3410

Punjab

₹3530 to 3591

(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 $566.60/ton, the New York Sugar front month contract is not trading today due to the Memorial Day Holiday.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 77.539 whereas USD was trading with BRL at 4.7311, Crude futures traded at ₹8986, Crude WTI traded at $115.83/barrel. Sensex closed 1041.08 points higher at 55,925.74 whereas Nifty ended 308.95 points higher at 16,661.40

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