ChiniMandi, Mumbai: 28th September 2022
Domestic Trade Market
The market witnessed poor demand. Marketmen are distressed with no demand despite it being a month of festivity. Millers are also struggling to sell the monthly allocated quota.
Ex-mill sugar prices as on September, 28 2022 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3300 to 3350 |
₹3380 to 3450 |
|
Karnataka |
₹3330 to 3380 |
₹3400 to 3460 |
|
Uttar Pradesh |
|
₹3510 to 3590 |
|
Gujarat |
₹3381 to 3441 |
₹3431 to 3510 |
|
Tamil Nadu |
₹3430 to 3500 |
₹3475 to 3550 |
|
Madhya Pradesh |
₹3490 to 3500 |
₹3540 to 3550 |
|
Punjab |
|
₹3560 to 3600 |
|
(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 $523.50/ton, whereas the New York Sugar #11 front month contract (SBV22) is trading at 18.29 c/lb.
Currency, Commodity & Indian Indices:
The rupee traded against the US dollar at 81.892 whereas USD was trading with BRL at 5.3795 Crude futures traded at ₹6493, Crude WTI traded at $78.83/barrel. Sensex closed 509.24 points lower at 56,589.28 whereas Nifty ended 148.80 points lower at 16,858.60.
