Daily Sugar Market Update By Vizzie – 30/06/2022

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ChiniMandi, Mumbai: 30th June 2022

Domestic Trade Market

The market witnessed scanty demand.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3260

₹3320 to 3360

Karnataka

₹3240 to 3280

₹3370 to 3400

Uttar Pradesh

₹3485 to 3555

Gujarat

₹3275 to 3335

₹3335 to 3371

Tamil Nadu

₹3450 to 3525

₹3450 to 3500

Madhya Pradesh

₹3405 to 3420

₹3460 to 3475

Punjab

₹3570 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 $554.90/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.84 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.053 whereas USD was trading with BRL at 5.2500, Crude futures traded at ₹8642, Crude WTI traded at $109.22/barrel. Sensex closed 8.03 points lower at 53,018.94 whereas Nifty ended 18.85 points lower at 15,780.25

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