Daily Sugar Market Update By Vizzie – 03/02/2023

ChiniMandi, Mumbai: 3rd February 2023

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on February, 03 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

            ₹3470 to 3601

Gujarat

₹3301 to 3331

            ₹3351 to 3381

Tamil Nadu

₹3400 to 3450

₹3450 to 3500

Madhya Pradesh

₹3360 to 3380

₹3410 to 3425

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 $563.80/ton, whereas the New York Sugar #11 front month contract is trading at 21.63 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.897, whereas USD was trading with BRL at 5.0509, Crude futures traded at ₹6225, Crude WTI traded at $75.69/barrel. Sensex closed 909.64 points higher at 60,841.88 whereas Nifty ended 243.65 points higher at 17,854.05.

LEAVE A REPLY

Please enter your comment!
Please enter your name here