Daily Sugar Market Update By Vizzie – 23/02/2023

ChiniMandi, Mumbai: 23rd February 2023

Domestic Market

The market witnessed moderate demand

Ex-mill sugar prices as on February, 23 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3230

₹3300 to 3340

Karnataka

₹3280 to 3325

₹3375 to 3400

Uttar Pradesh

        ₹3400 to 3450

Gujarat

₹3301 to 3321

        ₹3361 to 3401

Tamil Nadu

₹3310 to 3450

₹3400 to 3475

Madhya Pradesh

₹3355 to 3395

₹3425 to 3465

Punjab

₹3460 to 3551

(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 $569.20/ton, whereas the New York Sugar #11 front month contract is trading at 21.38 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.6765, whereas USD was trading with BRL at 5.1461, Crude futures traded at ₹6203, Crude WTI traded at $74.75/barrel. Sensex closed 139.18 points lower at 59,605.80 whereas Nifty ended 43.05 points lower at 17,511.25.

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