ChiniMandi, Mumbai: 5th April 2023
Domestic Market
The market witnessed moderate demand. Prices have been stable in major markets.
Ex-mill Sugar Prices as on April, 5 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3330 to 3360 |
₹3410 to 3450 |
|
Karnataka |
₹3420 to 3500 |
₹3550 |
|
Uttar Pradesh |
|
₹3590 to 3660 |
|
Gujarat |
₹3391 to 3451 |
₹3461 to 3501 |
|
Tamil Nadu |
₹3465 to 3525 |
₹3530 to 3575 |
|
Madhya Pradesh |
₹3510 to 3530 |
₹3580 to 3600 |
|
Punjab |
₹3705 to 3751 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 5 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,874.50 |
|
Kanpur |
M/30 |
₹3,822.00 |
|
Kolhapur |
M/30 |
₹3,643.50 |
|
Kolkata |
M/30 |
₹4,032.00 |
|
Muzaffarnagar |
M/30 |
₹3,790.50 |
International Market
Sugar prices rallied on strengthened crude prices and tighter global supplies. At the time of writing this update London White Sugar #5 front month contract is trading at $659.80/ton, whereas the New York Sugar #11 front month contract is trading at 22.94 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.034 whereas USD was trading with BRL at 5.0724, Crude futures traded at ₹6592, Crude WTI traded at $80.60/barrel. Sensex closed 582.87 points higher at 59689.31 whereas Nifty ended 159.00 points higher at 17557.05.
News Round-Up
Season 2022-23: India’s sugar production updates by ISMA
Amroha: DM reviews cane payments by sugar mills
Sugar export from Ukraine increases by around five times
Uttar Pradesh govt emphasizes use of Vehicle Tracking System
Uttar Pradesh govt emphasises use of Vehicle Tracking System
Cargo handling at Adani ports jump 10 per cent in March
Sugar prices in Bangladesh unstable despite fixing MRP
