Daily Sugar Market Update By Vizzie – 14/03/2022

ChiniMandi, Mumbai: 14th March 2022

Domestic Trade Market

State wise prices today:

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3130 to 3200

₹3210 to 3300

Karnataka

₹3150 to 3220

₹3230 to 3320

Uttar Pradesh

₹3430 to 3530

Gujarat

₹3281 to 3291

₹3321 to 3351

Tamil Nadu

₹3320 to 3430

₹3430 to 3490

Madhya Pradesh

₹3330 to 3380

₹3410 to 3470

Punjab

₹3530 to 3670

(All the above rates are excluding GST)

Traders witnessed a strong demand.

International Trade Market

At the time of writing this update, the London White Sugar front month contract is trading at $527.60/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22)

Is trading at 19.05 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.4436, whereas USD was trading with BRL at 5.0642, Crude futures traded at Rs.7700, Crude WTI traded at $101.73 barrel. Sensex closed 935.72 points higher at 56,486.02 whereas Nifty ended 240.85 points higher at 16,871.30

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