Daily Sugar Market Update By Vizzie -03/10/2022

ChiniMandi, Mumbai: 3rd October 2022

Domestic Trade Market
On 30th September 2022, the DPFD allocated a quota of 23.5 LMT for sale in the domestic market.

The market witnessed moderate demand.

Ex-mill sugar prices as on October,03 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3310 to 3350

₹3380 to 3430

Karnataka

₹3350 to 3385

₹3430  to 3470

Uttar Pradesh

₹3540 to 3620

Gujarat

₹3381 to 3431

₹3431 to 3491

Tamil Nadu

₹3430 to 3525

₹3525 to 3575

Madhya Pradesh

₹3500 to 3525

₹3550 to 3585

Punjab

₹3610 to 3660

(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 $528.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.80 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.839 whereas USD was trading with BRL at 5.4149, Crude futures traded at ₹6813, Crude WTI traded at $83.10/barrel. Sensex closed 638.11 points lower at 56,788.81 whereas Nifty ended 207 points lower at 16,887.35

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