Daily Sugar Market Update By Vizzie – 17/10/2022

ChiniMandi, Mumbai: 17th October 2022

Domestic Trade Market
The market witnessed good demand.

Ex-mill sugar prices as on October,17th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3330

₹3340 to 3425

Karnataka

₹3320 to 3380

₹3380  to 3425

Uttar Pradesh

₹3500 to 3650

Gujarat

₹3331 to 3371

₹3371 to 3441

Tamil Nadu

₹3390 to 3500

₹3470 to 3550

Madhya Pradesh

₹3485 to 3500

₹3545 to 3560

Punjab

₹3610 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 (SWV22) is trading at $558.70/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 18.86 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.129 whereas USD was trading with BRL at 5.2784, Crude futures traded at ₹7077, Crude WTI traded at $85.16/barrel. Sensex closed 491.01 points higher at 58,410.98 whereas Nifty ended 126.20 points higher at 17,311.80

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