Daily Sugar Market Update By Vizzie – 16/12/2022

ChiniMandi, Mumbai: 16th December 2022

Domestic Trade Market
The market witnessed moderate demand.

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3220 to 3270

₹3280 to 3330

Karnataka

₹3310 to 3330

₹3340

Uttar Pradesh

₹3500 to 3590

Gujarat

₹3391 to 3411

₹3441 to 3451

Tamil Nadu

₹3375 to 3450

₹3450 to 3500

Madhya Pradesh

₹3435 to 3445

₹3485 to 3495

Punjab

₹ 3580 to 3711

(All the above rates are excluding GST)

 

International Trade Market :

At the time of writing this update London White Sugar #5 front month contract is trading at $543.70/ton, whereas the New York Sugar #11 front month contract is trading at 19.95 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.729 whereas USD was trading with BRL at 5.2917, Crude futures traded at ₹6215, Crude WTI traded at $74.28/barrel. Sensex closed 461.22 points lower at 61,337.81 whereas Nifty ended 145.90 points lower at 18,269.00.

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