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

ChiniMandi, Mumbai: 11th November 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on November,11 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3290 to 3310

₹3400 to 3440

Karnataka

₹3370 to 3425

₹3400  to 3430

Uttar Pradesh

₹3620 to 3700

Gujarat

₹3371 to 3501

Tamil Nadu

₹3425 to 3525

₹3525 to 3575

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 $565.10/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 19.68 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 80.616 whereas USD was trading with BRL at 5.2893, Crude futures traded at ₹6972, Crude WTI traded at $88.97/barrel. Sensex closed 1,181.34 points higher at 61,795.04 whereas Nifty ended 321.50 points up at 18,349.70.

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