Daily Sugar Market Update By Vizzie – 02/11/2022

ChiniMandi, Mumbai: 2nd November 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on November,2nd 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3300 to 3350

₹3370 to 3420

Karnataka

₹3350 to 3380

₹3380  to 3460

Uttar Pradesh

₹3500 to 3650

Gujarat

₹3321 to 3391

₹3371 to 3461

Tamil Nadu

₹3425 to 3500

₹3525 to 3550

Madhya Pradesh

₹3510 to 3530

₹3530 to 3555

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 (SWZ22) is trading at $535.00/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.28 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.728 whereas USD was trading with BRL at 5.1437, Crude futures traded at ₹7328, Crude WTI traded at $88.44/barrel. Sensex closed 215.26 points lower at 60,906.09 whereas Nifty ended 62.55 points lower at 18,082.85.

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