Daily Sugar Market Update By Vizzie – 31/10/2022

ChiniMandi, Mumbai: 31st October 2022

Domestic Trade Market
The market witnessed moderate demand.

Ex-mill sugar prices as on October, 31st 2022 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3300 to 3350

₹3370 to 3420

Karnataka

₹3350 to 3380

₹3380  to 3460

Uttar Pradesh

₹3500 to 3650

Gujarat

₹3321 to 3391

₹3371 to 3461

Tamil Nadu

₹3425 to 3500

₹3525 to 3550

Madhya Pradesh

₹3510 to 3530

₹3530 to 3555

Punjab

₹3610 to 3680

(All the above rates are excluding GST)

 

International Trade Market

At the time of writing this update London White Sugar #5 front month contract (SWZ22) is trading at $534.90/ton, whereas the New York Sugar #11 front month contract (SBH23) is trading at 17.91c/lb.

Currency, Commodity & Indian Indices:

The rupee traded against the US dollar at 82.853 whereas USD was trading with BRL at 5.3272, Crude futures traded at ₹7195, Crude WTI traded at $86.65/barrel. Sensex closed 786.74 points higher at 60,746.59 whereas Nifty ended 225.40 points higher at 18,012.20.

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