Daily Sugar Market Update By Vizzie – 19/04/2023

ChiniMandi, Mumbai: 19th April 2023

Domestic Market

In the Domestic sugar market there was not much movement. According to traders, тАЬThere was no demandтАЭ. Prices were down by Rs.10 to 15/quintal.

Ex-mill Sugar Prices as on April, 19 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

тВ╣3430 to 3440

тВ╣3530┬а to 3550

Karnataka

тВ╣3550 to 3575

┬а ┬а ┬а ┬а ┬а тВ╣3600 to 3625

Uttar Pradesh

┬а ┬а ┬а ┬а ┬а тВ╣3615 to 3680

Gujarat

тВ╣3501 to 3541

тВ╣3571 to 3611

Tamil Nadu

тВ╣3550 to 3620

тВ╣3625 to 3650

Madhya Pradesh

тВ╣3590 to 3665

тВ╣3640 to 3735

Punjab

тВ╣3775 to 3801

(All the above rates are excluding GST)

Destination-wise Spot Prices as on April, 19 2023 :

City

Grade

Rate

Delhi

M/30

тВ╣3,958.50

Kanpur

M/30

тВ╣3,906.00

Kolhapur

M/30

тВ╣3,722.25

Kolkata

M/30

тВ╣4,116.00

Muzaffarnagar

M/30

тВ╣3,874.50

International Market

At the time of writing this update London White Sugar #5 front month contract is trading at $686.40/ton, whereas the New York Sugar #11 front month contract is trading at 24.81 c/lb.

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 82.250 whereas USD was trading with BRL at 4.9886, Crude futures traded at тВ╣6513, Crude WTI traded at $79.39/barrel. Sensex closed 159.21 points lower at 59567.80 whereas Nifty ended 41.40 points lower at 17618.75

News Round-Up

NSI gets success in producing тАШSuper SugarтАЩ

NSI gets success in producing ‘Super Sugar’

Brazil: Ethanol production increases by around 5 per cent

Brazil: Ethanol production increases by around 5 per cent

Season 2022-23: Nanded region produces 103.82 lakh quintal sugar

Season 2022-23: Nanded region produces 103.82 lakh quintal sugar

Adani Green turns тАШwater-positiveтАЩ for plants with operating capacity of over 200 MW, says agency DNV

Adani Green turns ‘water-positive’ for plants with operating capacity of over 200 MW, says agency DNV

AUS research team to design thermal energy storage systems for sustainable future

AUS research team to design thermal energy storage systems for sustainable future

UP on its way to become first state to have 100 pc electric vehicles in govt departments

UP on its way to become first state to have 100 pc electric vehicles in govt departments

LEAVE A REPLY

Please enter your comment!
Please enter your name here