Daily Sugar Market Update By Vizzie – 11/08/2022

ChiniMandi, Mumbai: 11th August 2022

Domestic Trade Market

The market did not witness much movement due to the Raksha Bandhan festival.
Ex-mill sugar prices as on August, 11 2022 :

 

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3340 to 3400

₹3410 to 3470

Karnataka

₹3350 to 3430

₹3550 to 3640

Uttar Pradesh

₹3535 to 3620

Gujarat

₹3331 to 3391

₹3381 to 3441

Tamil Nadu

₹3475 to 3550

₹3525 to 3600

Madhya Pradesh

₹3460 to 3480

₹3520 to 3540

Punjab

₹3600 to 3681

(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 (SWV22) is trading at $552.40/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.40 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.557 whereas USD was trading with BRL at 5.0865 Crude futures traded at ₹7402, Crude WTI traded at $93.02/barrel. Sensex closed 515.31 points higher at 59,332.60 whereas Nifty ended 124.25 points higher at 17,659.

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