Daily Sugar Market Update By Vizzie – 05/07/2022

ChiniMandi, Mumbai: 5th July 2022

Domestic Trade Market

The market witnessed moderate demand.

Ex-mill sugar prices as on July, 05 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3280

₹3350 to 3380

Karnataka

₹3290 to 3330

₹3380 to 3430

Uttar Pradesh

₹3450 to 3530

Gujarat

₹3275 to 3321

₹3335 to 3371

Tamil Nadu

₹3400 to 3550

₹3525 to 3550

Madhya Pradesh

₹3370 to 3410

₹3450 to 3460

Punjab

₹3570 to 3621

(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 (SWQ22) is trading at $553.90/ton, whereas the New York Sugar #11 front month contract (SBN22) is trading at 18.83 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.367 whereas USD was trading with BRL at 5.3533, Crude futures traded at ₹8622, Crude WTI traded at $108.66/barrel. Sensex closed 100.42 points lower at 53,134.35 whereas Nifty ended 24.50 points lower at 15,810.85.

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