Daily Sugar Market Update By Vizzie – 02/02/2023

ChiniMandi, Mumbai: 2nd February 2023

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on February, 02 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3230 to 3250

₹3320 to 3370

Karnataka

₹3350 to 3375

₹3425  to 3450

Uttar Pradesh

            ₹3450 to 3500

Gujarat

₹3291 to 3321

            ₹3351 to 3371

Tamil Nadu

₹3350 to 3425

₹3400 to 3475

Madhya Pradesh

₹3360 to 3380

₹3410 to 3420

Punjab

₹3480 to 3571

(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 $565.70/ton, whereas the New York Sugar #11 front month contract is trading at 21.61 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.169, whereas USD was trading with BRL at 4.9961, Crude futures traded at ₹6267, Crude WTI traded at $76.06/barrel. Sensex closed 224.16 points higher at 59,932.24 whereas Nifty ended 5.90 points lower at 17,610.40.

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