ChiniMandi, Mumbai: 16th May 2022
Domestic Trade Market
The market witnessed scanty demand nationwide throughout the week. Sugar prices were ₹40 to 50/Quintal lower than last week.
Ex-mill sugar prices as on May, 16 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3210 to 3270 |
₹3290 to 3330 |
|
Karnataka |
₹3210 to 3250 |
₹3310 to 3350 |
|
Uttar Pradesh |
|
₹3460 to 3560 |
|
Gujarat |
₹3331 to 3371 |
₹3391 to 3441 |
|
Tamil Nadu |
₹3465 to 3565 |
₹3540 to 3625 |
|
Madhya Pradesh |
₹3320 to 3370 |
₹3420 to 3450 |
|
Punjab |
|
₹3540 to 3591 |
|
(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 $554.10/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.51 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 77.814 whereas USD was trading with BRL at 5.0580, Crude futures traded at ₹8672, Crude WTI traded at $109.41/barrel. Sensex closed 180.22 points lower at 52,973.84 whereas Nifty ended 60.15 points lower at 15,842.30.
