Daily Sugar Market Update By Vizzie – 25/04/2022

ChiniMandi, Mumbai: 25th April 2022

Domestic Trade Market

The market witnessed moderate demand nationwide.
Ex-mill sugar prices as on April, 25th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3260

₹3270 to 3360

Karnataka

₹3250 to 3300

₹3320 to 3360

Uttar Pradesh

₹3550 to 3650

Gujarat

₹3361 to 3381

₹3421 to 3441

Tamil Nadu

₹3500 to 3575

₹3560 to 3625

Madhya Pradesh

₹3425 to 3445

₹3490 to 3500

Punjab

₹3600 to 3651

(All the above rates are excluding GST)

International Trade Market

At the time of writing this update, the London White Sugar #5 (SWK22) front month contract is trading at $519.30/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 18.92 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.573 whereas USD was trading with BRL at 4.7974, Crude futures traded at ₹7438, Crude WTI traded at $96.83/barrel. Sensex closed 617.26 points lower at 56,579.89 whereas Nifty ended 218 points lower at 16,953.95

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