ChiniMandi, Mumbai: 2nd August 2022
Domestic Trade Market
The market witnessed good demand. Prices got corrected by ₹30 to 40 after the Department of Food & Public Distribution announced an extension of July month’s quota by 30 days.
Ex-mill sugar prices as on August, 02 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3350 to 3400 |
₹3410 to 3480 |
|
Karnataka |
₹3360 to 3440 |
₹3460 to 3530 |
|
Uttar Pradesh |
|
₹3525 to 3600 |
|
Gujarat |
₹3361 to 3421 |
₹3411 to 3471 |
|
Tamil Nadu |
₹3485 to 3600 |
₹3535 to 3600 |
|
Madhya Pradesh |
₹3470 to 3490 |
₹3520 to 3550 |
|
Punjab |
|
₹3570 to 3641 |
|
(All the above rates are excluding GST) |
||
International Trade Market
At the time of writing this update, the London White Sugar #5 front month contract (SWV22) is trading at $520.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.42 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 78.524 whereas USD was trading with BRL at 5.2137 Crude futures traded at ₹7420, Crude WTI traded at $94.33/barrel. Sensex closed 20.86 points lower at 58,136.36 whereas Nifty ended 5.40 points lower at 17,345.45.
