Daily Sugar Market Update By Vizzie – 15/03/2022

ChiniMandi, Mumbai: 15th March 2022

Domestic Trade Market

Traders witnessed a strong demand.

State wise prices today:

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3130 to 3200

₹3210 to 3300

Karnataka

₹3160 to 3230

₹3240 to 3325

Uttar Pradesh

₹3430 to 3530

Gujarat

₹3271 to 3281

₹3311 to 3341

Tamil Nadu

₹3320 to 3430

₹3430 to 3490

Madhya Pradesh

₹3330 to 3380

₹3410 to 3470

Punjab

₹3510 to 3640

(All the above rates are excluding GST)


International Trade Market

At the time of writing this update, the London White Sugar front month contract is trading at $521.80/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22)

Is trading at 18.72 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.370, whereas USD was trading with BRL at 5.1406, Crude futures traded at Rs.7324, Crude WTI traded at $95.81 barrel. Sensex closed 709.17 points lower at 55,776.85 whereas Nifty ended 208.30 points higher at 16,663.

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