ChiniMandi, Mumbai: 2nd May 2022
Domestic Trade Market
The market witnessed good demand nationwide and prices going up after the announcement of sugar monthly quota for domestic sale in the month of May 2022.
Ex-mill sugar prices as on May, 02 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3240 to 3320 |
₹3350 to 3420 |
|
Karnataka |
₹3300 to 3325 |
₹3400 to 3420 |
|
Uttar Pradesh |
|
₹3550 to 3650 |
|
Gujarat |
₹3391 to 3431 |
₹3451 to 3481 |
|
Tamil Nadu |
₹3525 to 3600 |
₹3575 to 3650 |
|
Madhya Pradesh |
₹3460 to 3480 |
₹3510 to 3520 |
|
Punjab |
|
₹3650 to 3701 |
|
(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 not trading on occasion of Early May Bank Holiday, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.35 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 76.503 whereas USD was trading with BRL at 4.9981, Crude futures traded at ₹7735, Crude WTI traded at $100.87/barrel. Sensex closed 84.88 points lower at 56,975.99 whereas Nifty ended 133.45 points lower at 17,069.10
