Daily Sugar Market Update By Vizzie – 29/03/2022

ChiniMandi, Mumbai: 29th March 2022

Domestic Trade Market

Traders witnessed moderate demand.

State wise prices today:

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3120 to 3180

₹3220 to 3280

Karnataka

₹3160 to 3230

₹3240 to 3300

Uttar Pradesh

₹3425 to 3550

Gujarat

₹3291 to 3311

₹3331 to 3351

Tamil Nadu

₹3320 to 3400

₹3450 to 3490

Madhya Pradesh

₹3290 to 3325

₹3375 to 3420

Punjab

₹3460 to 3575

(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 $543.20/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 18.97 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 75.623, whereas USD was trading with BRL at 4.7616, Crude futures traded at Rs.7572, Crude WTI traded at $99.97/barrel. Sensex closed 350.16 points higher at 57,943.65 whereas Nifty ended 103.30 points higher at 17,325.30.

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