Daily Sugar Market Update By Vizzie – 12/07/2022

ChiniMandi, Mumbai: 12th July 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on July, 12 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3280

₹3350 to 3380

Karnataka

₹3250 to 3330

₹3380 to 3490

Uttar Pradesh

₹3450 to 3580

Gujarat

₹3265 to 3311

₹3315 to 3361

Tamil Nadu

₹3380 to 3550

₹3500 to 3550

Madhya Pradesh

₹3370 to 3410

₹3450 to 3460

Punjab

₹3535 to 3591

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 front month contract (SWQ22) is trading at $538.70/ton, whereas the New York Sugar #11 front month contract (SBN22) is trading at 18.68 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.559 whereas USD was trading with BRL at 5.3863 Crude futures traded at ₹7899, Crude WTI traded at $99.22/barrel. Sensex closed 508.62 points lower at 53.886.61 whereas Nifty ended 157.70 points lower at 16,058.30.

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