ChiniMandi, Mumbai: 20th September 2022
Domestic Trade Market
The market has been stagnant. Marketmen are distressed with no demand despite it being a month of festivity.
Ex-mill sugar prices as on September, 20 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3340 to 3400 |
₹3370 to 3450 |
|
Karnataka |
₹3370 to 3430 |
₹3400 to 3460 |
|
Uttar Pradesh |
|
₹3565 to 3635 |
|
Gujarat |
₹3361 to 3431 |
₹3411 to 3481 |
|
Tamil Nadu |
₹3470 to 3525 |
₹3550 to 3575 |
|
Madhya Pradesh |
₹3505 to 3515 |
₹3560 to 3570 |
|
Punjab |
|
₹3590 to 3640 |
|
(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 $533.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 17.77 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 79.715 whereas USD was trading with BRL at 5.1746 Crude futures traded at ₹6803, Crude WTI traded at $81.92/barrel. Sensex closed 578.51 points higher at 59,719.74 whereas Nifty ended 194 points higher at 17,816.25.
