Daily Sugar Market Update By Vizzie -30/11/2022

ChiniMandi, Mumbai: 30th November 2022

Domestic Trade Market

On 30th November 2022, the DPFD allocated 22 LMT December sugar quota for sale in the domestic market.

The market witnessed moderate demand.

Ex-mill sugar prices as on November, 30th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3270 to 3310

₹3370 to 3420

Karnataka

₹3325 to 3375

₹3370  to 3380

Uttar Pradesh

₹3560 to 3640

Gujarat

₹3381 to 3401 – new

₹3351 to 3401 – old

₹3431 to 3451 – new

Tamil Nadu

₹3425 to 3475

₹3475 to 3500

Madhya Pradesh

₹3450 to 3500

₹3555 to 3565

Punjab

₹3590 to 3751

(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 $542.50/ton, whereas the New York Sugar #11 front month contract is trading at 19.77 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.308 whereas USD was trading with BRL at 5.2820, Crude futures traded at ₹6525, Crude WTI traded at $79.94/barrel. Sensex closed 417.81 points higher at 63,099.65 whereas Nifty ended 140.30 points higher at 18,7588.35.

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