Daily Sugar Market Update By Vizzie – 09/12/2022

ChiniMandi, Mumbai: 9th December 2022

Domestic Trade Market
The market witnessed moderate demand.

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3270 to 3310

₹3380 to 3420

Karnataka

₹3320 to 3350

₹3370  to 3380

Uttar Pradesh

₹3630 to 3720

Gujarat

₹3391 to 3411 – new

₹3351 to 3421 – old

₹3441 to 3451 – new

Tamil Nadu

₹3400 to 3450

₹3475 to 3500

Madhya Pradesh

₹3450 to 3500

₹3555 to 3565

Punjab

₹3590 to 3751

(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 $541.70/ton, whereas the New York Sugar #11 front month contract is trading at 19.84 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.371 whereas USD was trading with BRL at 5.2700, Crude futures traded at ₹6215, Crude WTI traded at $72.61/barrel. Sensex closed 389.01 points lower at 62,181.67 whereas Nifty ended 112.75 points lower at 18,496.60.

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