ChiniMandi, Mumbai: 28th March 2023
Domestic Market
The market witnessed moderate demand and supplies have been tighter.
Ex-mill Sugar Prices as on March, 28 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3200 to 3250 |
₹3330 to 3370 |
|
Karnataka |
₹3400 |
₹ 3450 |
|
Uttar Pradesh |
|
₹3500 to 3550 |
|
Gujarat |
₹3271 to 3311 |
₹3341 to 3381 |
|
Tamil Nadu |
₹3325 to 3425 |
₹3450 to 3475 |
|
Madhya Pradesh |
₹3370 to 3505 |
₹3440 to 3475 |
|
Punjab |
₹3560 to 3600 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 28 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3600 |
|
Kanpur |
M/30 |
₹3700 |
|
Kolhapur |
M/30 |
₹3510 |
|
Kolkata |
M/30 |
₹3815 |
|
Muzaffarnagar |
M/30 |
₹3605 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $608.40/ton, whereas the New York Sugar #11 front month contract is trading at 21.07 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.137 whereas USD was trading with BRL at 5.1959, Crude futures traded at ₹6019, Crude WTI traded at $73.11/barrel. Sensex closed 40.14 points lower at 57,613.72 whereas Nifty ended 34.00 points lower at 16,951.70.
News Round-Up
Karnataka: Mysore Petro Chemicals plans to set up ethanol unit
Kolhapur region tops in sugar production in Maharashtra
Indonesia to import 215,000 tons of sugar
Operations at sugar mills affected due to untimely rain
