Daily Sugar Market Update By Vizzie – 06/03/2023

ChiniMandi, Mumbai: 6th March 2023
Domestic Market

The market witnessed moderate demand.

Ex-mill Sugar Prices as on March, 06 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

тВ╣3250 to 3350

тВ╣3300┬а to 3400

Karnataka

тВ╣3375 to 3400

тВ╣3425 to 3450

Uttar Pradesh

┬а ┬а ┬а ┬атВ╣3400 to 3500

Gujarat

тВ╣3321 to 3351

┬а ┬а ┬а ┬атВ╣3371 to 3401

Tamil Nadu

тВ╣3340 to 3425

тВ╣3440 to 3475

Madhya Pradesh

тВ╣3350 to 3390

тВ╣3420 to 3460

Punjab

тВ╣3450 to 3521

(All the above rates are excluding GST)

 

Destination-wise Spot Prices as on March, 06 2023 :

City

Grade

Rate

Delhi

M/30

тВ╣3600

Kanpur

M/30

тВ╣3700

Kolhapur

M/30

тВ╣3490

Kolkata

M/30

тВ╣3810

Muzaffarnagar

M/30

тВ╣3600

 

International Market

At the time of writing this update London White Sugar #5 front month contract is trading at $579.20/ton, whereas the New York Sugar #11 front month contract is trading at 20.72 c/lb.

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 81.912, whereas USD was trading with BRL at 5.1997, Crude futures traded at тВ╣6441, Crude WTI traded at $78.50/barrel. Sensex closed 415.49 points higher at 60,224.46 whereas Nifty ended 117.10 points higher at 17,711.45.

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