Daily Sugar Market Update By Vizzie – 28/04/2022

ChiniMandi, Mumbai: 28th April 2022

Domestic Trade Market

The market witnessed moderate demand nationwide.

Ex-mill sugar prices as on April, 28th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3180 to 3235

₹3240 to 3340

Karnataka

₹3250 to 3290

₹3325 to 3375

Uttar Pradesh

₹3550 to 3640

Gujarat

₹3331 to 3371

₹3391 to 343

Tamil Nadu

₹3480 to 3560

₹3540 to 3610

Madhya Pradesh

₹3390 to 3440

₹3465 to 3515

Punjab

₹3540 to 3615

(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 $522.50/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.11 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.674 whereas USD was trading with BRL at 5.0353, Crude futures traded at ₹7895, Crude WTI traded at $102.91/barrel. Sensex closed 537.22 points lower at 57,521.06 whereas Nifty ended 206.65 points higher at 17,245.05.

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