Daily Sugar Market Update By Vizzie – 05/09/2022

ChiniMandi, Mumbai: 5th September 2022

Domestic Trade Market
The market witnessed scanty demand nationwide.

Ex-mill sugar prices as on September, 05 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 3441

₹3421 to 3491

Tamil Nadu

₹3535 to 3600

₹3585 to 3650

Madhya Pradesh

₹3565 to 3575

₹3625 to 3635

Punjab

₹3580 to 3641

(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 $579.60/ton, whereas the New York Sugar #11 front month contract (SBV22) is not trading on occasion of US Labor Day Holiday.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 79.786 whereas USD was trading with BRL at 5.1689 Crude futures traded at ₹7187, Crude WTI traded at $89.95/barrel. Sensex closed 442.65 points higher at 59,245.98 whereas Nifty ended 126.35 points lower at 17,665.80.

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