Daily Sugar Market Update By Vizzie – 08/06/2022

ChiniMandi, Mumbai: 8th June 2022

Domestic Trade Market

The market witnessed moderate demand today.

Ex-mill sugar prices as on June, 08 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3230 to 3280

₹3300 to 3375

Karnataka

₹3250 to 3310

₹3350 to 3400

Uttar Pradesh

₹3460 to 3550

Gujarat

₹3310 to 3371

₹3381 to 3421

Tamil Nadu

₹3425 to 3550

₹3475 to 3600

Madhya Pradesh

₹3400 to 3410

₹3420 to 3460

Punjab

₹3560 to 3621

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $561.30/ton, whereas the New York Sugar front month contract US sugar #11 (SBK22) is trading at 18.93 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 77.637 whereas USD was trading with BRL at 4.8577, Crude futures traded at ₹9297, Crude WTI traded at $119.70/barrel. Sensex closed 214.85 points lower at 54,892.49 whereas Nifty ended 60.10 points higher at 16,356.25.

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