Daily Sugar Market Update By Vizzie -06/10/2022

ChiniMandi, Mumbai: 6th October 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on October,06 2022 :

 

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3310 to 3350

₹3380 to 3430

Karnataka

₹3350 to 3385

₹3430  to 3470

Uttar Pradesh

₹3540 to 3620

Gujarat

₹3381 to 3431

₹3431 to 3491

Tamil Nadu

₹3420 to 3525

₹3525 to 3575

Madhya Pradesh

₹3505 to 3525

₹3550 to 3585

Punjab

₹3610 to 3680

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update London White Sugar #5 front month contract (SWV22) is trading at $544.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.13 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.135 whereas USD was trading with BRL at 5.1917, Crude futures traded at ₹7235, Crude WTI traded at $88.03/barrel. Sensex closed 156.63 points higher at 58,222.10 whereas Nifty ended 57.50 points higher at 17,331.80

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