Daily Sugar Market Update By Vizzie – 09/11/2022

ChiniMandi, Mumbai: 9th November 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on November,09 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3290 to 3320

₹3400 to 3450

Karnataka

₹3340 to 3410

₹3460  to 3490

Uttar Pradesh

₹3620 to 3700

Gujarat

₹3371 to 3501

Tamil Nadu

₹3425 to 3525

₹3520 to 3550

Madhya Pradesh

₹3490 to 3510

₹3550 to 3580

Punjab

₹3620 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 $536.10/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.91 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.520 whereas USD was trading with BRL at 5.1444, Crude futures traded at ₹7514, Crude WTI traded at $88.30/barrel. Sensex closed 151.60 points lower at 61,033.55 whereas Nifty ended 45.80 points lower at 18,157.

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