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

ChiniMandi, Mumbai: 12th December 2022

Domestic Trade Market
The market witnessed moderate demand.

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3220 to 3270

₹3280 to 3330

Karnataka

₹3310 to 3330

₹3340

Uttar Pradesh

₹3630 to 3720

Gujarat

₹3391 to 3411 – new

₹3351 to 3421 – old

₹3441 to 3451 – new

Tamil Nadu

₹3375 to 3450

₹3450 to 3500

Madhya Pradesh

₹3435 to 3445

₹3485 to 3495

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 $533.80/ton, whereas the New York Sugar #11 front month contract is trading at 19.41 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.596 whereas USD was trading with BRL at 5.3250, Crude futures traded at ₹6215, Crude WTI traded at $73.14/barrel. Sensex closed 51.10 points lower at 62,130.57 whereas Nifty ended 0.55 points lower at 18,497.15.

LEAVE A REPLY

Please enter your comment!
Please enter your name here