ChiniMandi, Mumbai: 17th 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, 17 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3215 to 3275 |
₹3300 to 3340 |
|
Karnataka |
₹3230 to 3290 |
₹3310 to 3350 |
|
Uttar Pradesh |
|
₹3470 to 3570 |
|
Gujarat |
₹3310 to 3371 |
₹3371 to 3431 |
|
Tamil Nadu |
₹3465 to 3565 |
₹3540 to 3625 |
|
Madhya Pradesh |
₹3390 to 3400 |
₹3430 to 3450 |
|
Punjab |
|
₹3550 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 $548.40/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.63 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 77.452 whereas USD was trading with BRL at 5.0611, Crude futures traded at ₹8926, Crude WTI traded at $112.78/barrel. Sensex closed 1344.63 points higher at 54,318.47 whereas Nifty ended 417 points higher at 16,259.30.
