Daily Sugar Market Update By Vizzie – 11/10/2022

ChiniMandi, Mumbai: 11th October 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on October,11 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3330 to 3350

₹3380 to 3450

Karnataka

₹3380 to 3400

₹3450  to 3500

Uttar Pradesh

₹3550 to 3620

Gujarat

₹3361 to 3411

₹3411 to 3461

Tamil Nadu

₹3400 to 3450

₹3475 to 3550

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 $553/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.55 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.174 whereas USD was trading with BRL at 5.1961, Crude futures traded at ₹7402, Crude WTI traded at $90.03/barrel. Sensex closed 843.79 points lower at 57,147.32 whereas Nifty ended 257.45 points lower at 16,983.55

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