Daily Sugar Market Update By Vizzie – 07/10/2022

ChiniMandi, Mumbai: 7th October 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on October,07 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

₹3560 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 $549.79/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.37 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.493 whereas USD was trading with BRL at 5.2350, Crude futures traded at ₹7359, Crude WTI traded at $89.27/barrel. Sensex closed 30.81 points lower at 58,191.29 whereas Nifty ended 17.15 points higher at 17,314.65

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