ChiniMandi, Mumbai: 06th Sep 2024
Domestic Market
Domestic sugar prices were stable.
After a continuous drop, domestic sugar prices were said to be stable in the major markets. Although prices have been in a downtrend for the past month, demand is said to be sluggish. Prices in spot markets are weighed down by good crop conditions in the major growing regions.
M-grade sugar costs between Rs 3,780 and Rs 3,820 per quintal in Muzaffarnagar, whereas S-grade costs between Rs 3,585 and Rs 3,635 in Kolhapur. Agrimandi expects S-grade sugar prices in Kolhapur to fall between Rs 3,530 and Rs 3,680 per quintal in the coming days.
Ex-mill Sugar Prices as on┬а┬аSep, 06 2024 :┬а
|
State |
S/30┬а [Rates per Quintal]┬а |
M/30 [Rates per Quintal]┬а |
|
Maharashtra |
тВ╣3580 to 3610 |
тВ╣3660 to 3690 |
|
Karnataka |
тВ╣3720 to 3825 |
тВ╣3750 to 3825 |
|
Uttar Pradesh |
|
тВ╣3780 to 3820 |
|
Gujarat |
тВ╣3610 to 3640 |
тВ╣3690 to 3740 |
|
Tamil Nadu |
тВ╣3850 to 4000 |
тВ╣3975 to 4100 |
|
Madhya Pradesh |
тВ╣3730 to 3770 |
тВ╣3975 |
|
Punjab |
тВ╣4000 to 4060 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on┬а┬аSep, 06 2024 :┬а
|
City┬а |
Grade┬а |
Rate┬а |
|
Delhi |
M/30 |
тВ╣4,032.00 |
|
Kanpur |
M/30 |
тВ╣3,979.50 |
|
Kolhapur |
M/30 |
тВ╣3,864.00 |
|
Kolkata |
M/30 |
тВ╣4,095.00 |
|
Muzaffarnagar |
M/30 |
тВ╣3,979.50 |
|
Ahmedabad |
M/30 |
тВ╣3,974.25 |
|
Banglore |
M/30 |
тВ╣4,011.00 |
|
Chennai |
M/30 |
тВ╣4,137.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $543.80 ton, whereas the New York Sugar #11 front month contract is trading at 19.44 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.951 whereas USD was trading with BRL at 5.5429, Crude futures traded at тВ╣5875, Crude WTI traded at $69.91 barrel. Sensex closed 1017.23 points lower at 81183.93.
