Daily Sugar Market Update By Vizzie – 07/06/2022

ChiniMandi, Mumbai: 7th June 2022

Domestic Trade Market

The market witnessed moderate demand today.

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3230 to 3280

₹3300 to 3375

Karnataka

₹3250 to 3310

₹3350 to 3400

Uttar Pradesh

₹3450 to 3550

Gujarat

₹3310 to 3371

₹3381 to 3421

Tamil Nadu

₹3425 to 3550

₹3475 to 3600

Madhya Pradesh

₹3400 to 3410

₹3410 to 3460

Punjab

₹3560 to 3621

(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 $577.30/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 19.34 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 77.794 whereas USD was trading with BRL at 4.7958, Crude futures traded at ₹9184, Crude WTI traded at $117.08/barrel. Sensex closed 567.98 points lower at 55,107.34 whereas Nifty ended 153.20 points higher at 16,416.15.

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