Daily Sugar Market Update By Vizzie – 27/04/2022

ChiniMandi, Mumbai: 27th April 2022

Domestic Trade Market

The market witnessed moderate demand nationwide.

Ex-mill sugar prices as on April, 27th 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3185 to 3240

₹3250 to 3350

Karnataka

₹3250 to 3290

₹3325 to 3375

Uttar Pradesh

₹3560 to 3650

Gujarat

₹3341 to 3381

₹3401 to 3441

Tamil Nadu

₹3480 to 3560

₹3540 to 3610

Madhya Pradesh

₹3400 to 3450

₹3475 to 3525

Punjab

₹3550 to 3625

(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 $528.30/ton, whereas the New York Sugar front month contract is whereas US sugar #11 (SBK22) is trading at 19.27 c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 76.548 whereas USD was trading with BRL at 5.0182, Crude futures traded at ₹7702, Crude WTI traded at $100.47/barrel. Sensex closed 537.22 points lower at 56,819.39 whereas Nifty ended 162.40 points lower at 17,038.42

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