ChiniMandi, Mumbai: 1st March 2022
Domestic Market Update
Announcement of Quota for the month January 2022
The Department of Food & Public Distribution announced a 21.5 LMT monthly sugar quota for domestic sale in March 2022.
Domestic Trade Market
According to marketmen the demand has been moderate. Markets in parts of Gujarat, Karnataka and Maharashtra seemed quiet due to Maha Shivratri.
State wise prices today:
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3110 to 3180 |
₹3190 to 3270 |
|
Karnataka |
₹3130 to 3200 |
₹3210 to 3300 |
|
Uttar Pradesh |
|
₹3490 to 3610 |
|
Gujarat |
₹3251 |
₹3311 |
|
Tamil Nadu |
₹3300 to 3450 |
₹3375 to 3500 |
|
Madhya Pradesh |
₹3260 to 3290 |
₹3340 to 3380 |
|
Punjab |
|
₹3500 to 3641 |
|
(All the above rates are excluding GST) |
||
International Trade Market
At the time of writing this update, the London White Sugar front month contract is trading at $506/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBH22)
Is trading at 18.11 c/lb.
Currency, Commodity & Indian Indices:
Indian stock markets were closed on the occasion of Maha Shivratri.
