Daily Sugar Market Update By Vizzie – 17/11/2022

ChiniMandi, Mumbai: 17th November 2022

Domestic Trade Market
The market witnessed good demand.

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

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3280 to 3320

₹3380 to 3420

Karnataka

₹3350 to 3375

₹3370  to 3380

Uttar Pradesh

₹3560 to 3650

Gujarat

₹3401 to 3421 – new

₹3351 to 3421 – old

₹3451 to 3471 – new

Tamil Nadu

₹3400 to 3500

₹3475 to 3550

Madhya Pradesh

₹3460 to 3495

₹3555 to 3565

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 is trading at $534.60/ton, whereas the New York Sugar #11 front month contract is trading at 18.77 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 81.718 whereas USD was trading with BRL at 5.4561, Crude futures traded at ₹6858, Crude WTI traded at $83.86/barrel. Sensex closed 230.12 points lower at 61,750.60 whereas Nifty ended 65.75 points lower at 18,343.90.

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