Daily Sugar Market Update By Vizzie – 07/02/2023

ChiniMandi, Mumbai: 7th February 2023

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on February, 07 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

₹3321 to 3351

            ₹3371 to 3401

Tamil Nadu

₹3390 to 3450

₹3440 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 $556.30/ton, whereas the New York Sugar #11 front month contract is trading at 20.64 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.747, whereas USD was trading with BRL at 5.1641, Crude futures traded at ₹6234, Crude WTI traded at $75.17/barrel. Sensex closed 220.86 points lower at 60,286.04 whereas Nifty ended 89.45 points lower at 17,764.60.

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