ChiniMandi, Mumbai: 17th February 2022
Domestic Market Update
Announcement of Quota for the month January 2022
The Department of Food & Public Distribution announced a 20 LMT monthly sugar quota for domestic sale in February 2022.
Domestic Trade Market
According to marketmen the demand has been moderate.
State wise prices today:
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3110 to 3180 |
₹3190 to 3270 |
|
Karnataka |
₹3120 to 3170 |
₹3210 to 3280 |
|
Uttar Pradesh |
|
₹3410 to 3450 |
|
Gujarat |
₹3225 to 3301 |
₹3281 to 3351 |
|
Tamil Nadu |
₹3320 to 3450 |
₹3400 to 3500 |
|
Madhya Pradesh |
₹3260 to 3290 |
₹3310 to 3330 |
|
Punjab |
|
₹3540 to 3641 |
|
(All the above rates are excluding GST) |
||
International Trade Market
Sugar prices closed mixed.
Yesterday, London white sugar #5 (SWH22) closed up $2.70 at $482.70/ton whereas US sugar #11 (SBH22) closed lower unchanged at 18.07 c/lb
At the time of writing this update, the London White Sugar front month contract is trading at $482.40/ton, whereas the New York Sugar front month contract is trading at 18.12/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 75.028, whereas USD was trading with BRL at 5.1476, Crude futures traded at Rs.6975, Crude WTI traded at $92.91 barrel. Sensex closed 104.67 points lower at 57,892.01 whereas Nifty ended 17.60 points lower at 17,304.60.
