Daily Sugar Market Update By Vizzie – 01/07/2022

ChiniMandi, Mumbai: 1st July 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on July, 01 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3260

₹3320 to 3360

Karnataka

₹3240 to 3280

₹3370 to 3400

Uttar Pradesh

₹3520 to 3600

Gujarat

₹3275 to 3335

₹3335 to 3371

Tamil Nadu

₹3440 to 3550

₹3490 to 3600

Madhya Pradesh

₹3405 to 3420

₹3460 to 3475

Punjab

₹3570 to 3621

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $553/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.83 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.053 whereas USD was trading with BRL at 5.3053, Crude futures traded at ₹8564, Crude WTI traded at $108.46/barrel. Sensex closed 1111.01 points lower at 52,907.93 whereas Nifty ended 28.20 points lower at 15,752.05

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