ChiniMandi, Mumbai: 6th October 2023
Domestic Market
Stable to firm sentiment reported in domestic prices
Domestic sugar prices have been reported to be stable to firm in the major centers. Prices in major consuming centers increased by Rs 10 per quintal, while prices in major producing centers remained stable. Prices in consumption centers were supported by a thin pipeline.
In Kolhapur, S-grade sugar quintals cost between Rs. 3,620 and 3,650, while M-grade sugar costs between Rs. 3,820 and 3,840. Agrimandi.live estimates that S grade sugar will cost between Rs 3,620 and Rs 3,700 in Kolhapur markets.
Ex-mill Sugar Prices as on October, 6 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3600 to 3630 |
₹3700 to 3730 |
|
Karnataka |
₹3640 to 3675 |
₹3725 |
|
Uttar Pradesh |
|
₹3775 to 3880 |
|
Gujarat |
₹3641 |
₹3701 to 3761 |
|
Tamil Nadu |
₹3675 to 3800 |
₹3775 to 3825 |
|
Madhya Pradesh |
₹3760 to 3795 |
₹3830 to 3865 |
|
Punjab |
₹3900 to 4031 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on October, 6 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,053.00 |
|
Kanpur |
M/30 |
₹4,016.25 |
|
Kolhapur |
M/30 |
₹3,916.50 |
|
Kolkata |
M/30 |
₹4,105.50 |
|
Muzaffarnagar |
M/30 |
₹4,026.75 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $704.30 ton, whereas the New York Sugar #11 front month contract is trading at 26.50 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.190 whereas USD was trading with BRL at 5.1683, Crude futures traded at ₹6875, Crude WTI traded at $82.33 barrel. Sensex closed 364.06 points higher at 65995.63 whereas Nifty ended 107.75 points higher at 19653.50
News Round-Up
Government is future-proofing its energy demands with biofuel growth: Binny New Re Energy Limited
Government is future-proofing its energy demands with biofuel growth: Binny New Re Energy Limited
NSI and UPSMA to jointly organise ‘International Conference & Sugar Expo’ on 11-12th October 2023
NSI and UPSMA to jointly organise ‘International Conference & Sugar Expo’ on 11-12th October 2023
‘Farmers’ interests to be protected’: Karnataka CM’s advice to central team amid drought-like situation in state
Madhya Pradesh Chief Minister transfers Rs 1,560 crore of Kisan Samman Nidhi to farmers
Madhya Pradesh Chief Minister transfers Rs 1,560 crore of Kisan Samman Nidhi to farmers
Sensex ends 364 points higher, Nifty nears 19,650
