Daily Sugar Market Update By Vizzie – 04/11/2022

ChiniMandi, Mumbai: 4th November 2022

Domestic Trade Market
The market witnessed scanty demand.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3300 to 3350

₹3370 to 3420

Karnataka

₹3350 to 3390

₹3465  to 3560

Uttar Pradesh

₹3600 to 3670

Gujarat

₹3371 to 3501

Tamil Nadu

₹3400 to 3500

₹3525 to 3550

Madhya Pradesh

₹3490 to 3510

₹3550 to 3570

Punjab

₹3610 to 3680

(All the above rates are excluding GST)

 

International Trade Market

At the time of writing this update London White Sugar #5 front month contract (SWZ22) is trading at $536.60/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.67 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.262 whereas USD was trading with BRL at 5.0775, Crude futures traded at ₹7541, Crude WTI traded at $82.262/barrel. Sensex closed 113.95 points higher at 60,950.36 whereas Nifty ended 64.45 points higher at 18,117.15.

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