Daily Sugar Market Update By Vizzie – 21/10/2022

ChiniMandi, Mumbai: 21st October 2022

Domestic Trade Market

The market witnessed good demand.

Ex-mill sugar prices as on October, 21st 2022:

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3350

₹3340 to 3425

Karnataka

₹3320 to 3380

₹3380  to 3425

Uttar Pradesh

₹3500 to 3650

Gujarat

₹3331 to 3371

₹3371 to 3441

Tamil Nadu

₹3400 to 3500

₹3470 to 3550

Madhya Pradesh

₹3495 to 3505

₹3555 to 3565

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 $537.00/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.49 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.791 whereas USD was trading with BRL at 5.2016, Crude futures traded at ₹7077, Crude WTI traded at $84.72/barrel. Sensex closed 104.25 points higher at 59,307.15, whereas Nifty ended 12.35 points higher at 17,576.30.

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