Daily Sugar Market Update By Vizzie – 10/02/2023

ChiniMandi, Mumbai: 10th February 2023

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on February, 10 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3220 to 3250

₹3320 to 3350

Karnataka

₹3325 to 3350

₹3425 to 3400

Uttar Pradesh

         ₹3400 to 3450

Gujarat

₹3321 to 3351

          ₹3371 to 3401

Tamil Nadu

₹3360 to 3450

₹3425 to 3475

Madhya Pradesh

₹3350 to 3390

₹3420 to 3460

Punjab

₹3460 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 $571/ton, whereas the New York Sugar #11 front month contract is trading at 21.40 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.549, whereas USD was trading with BRL at 5.2762, Crude futures traded at ₹6587, Crude WTI traded at $79.75/barrel. Sensex closed 123.52 points lower at 60,682.70 whereas Nifty ended 36.95 points lower at 17,856.50

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