ChiniMandi, Mumbai: 2nd September 2022
Domestic Trade Market
The food ministry on 31st August 2022 announced a quota of 23.50 LMT for sale in the month of September 2022. The market sentiments were mixed, no major movement was witnessed in the market. The prices remained stable.
Ex-mill sugar prices as on September, 02 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3380 to 3410 |
₹3460 to 3500 |
|
Karnataka |
₹3440 to 3460 |
₹3530 to 3660 |
|
Uttar Pradesh |
|
₹3550 to 3650 |
|
Gujarat |
₹3371 to 3451 |
₹3421 to 3501 |
|
Tamil Nadu |
₹3550 to 3625 |
₹3610 to 3675 |
|
Madhya Pradesh |
₹3565 to 3575 |
₹3625 to 3635 |
|
Punjab |
|
₹3600 to 3671 |
|
(All the above rates are excluding GST) |
International Trade Market
At the time of writing this update London White Sugar #5 front month contract (SWV22) is trading at $567.20/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.15c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 80.087 whereas USD was trading with BRL at 5.2422 Crude futures traded at ₹7107, Crude WTI traded at $88.67/barrel. Sensex closed 36.75 points higher at 58,803.33 whereas Nifty ended 3.35 points lower at 17,539.
