Daily Sugar Market Update By Vizzie – 01/11/2022

ChiniMandi, Mumbai: 1st November

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on November 1st, 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3300 to 3350

₹3370 to 3420

Karnataka

Market closed
Holiday on occasion of Karnataka Rajyotsava

Uttar Pradesh

₹3620 to 3700

Gujarat

₹3321 to 3391

₹3371 to 3461

Tamil Nadu

₹3425 to 3500

₹3525 to 3550

Madhya Pradesh

₹3510 to 3530

₹3555 to 3580

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 $534.80/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.34 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.579 whereas USD was trading with BRL at 5.1747, Crude futures traded at ₹7305, Crude WTI traded at $88.33/barrel. Sensex closed 374.76 points higher at 61,121.35 whereas Nifty ended 133.20 points higher at 18,145.40.

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