Daily Sugar Market Update By Vizzie – 07/03/2023

ChiniMandi, Mumbai: 7th March 2023
Domestic Market

Major markets remained closed today on the occasion of Holi.
Ex-mill Sugar Prices as on March, 07 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3350

₹3300  to 3400

Karnataka

₹3375 to 3400

₹3425 to 3450

Uttar Pradesh

₹3400 to 3500

Gujarat

₹3321 to 3351

₹3371 to 3401

Tamil Nadu

₹3340 to 3425

₹3440 to 3475

Madhya Pradesh

₹3350 to 3390

₹3420 to 3460

Punjab

₹3450 to 3521

(All the above rates are excluding GST)

Destination-wise Spot Prices as on March, 07 2023 :

City

Grade

Rate

Delhi

M/30

₹3600

Kanpur

M/30

₹3700

Kolhapur

M/30

₹3490

Kolkata

M/30

₹3810

Muzaffarnagar

M/30

₹3600

International Market

At the time of writing this update London White Sugar #5 front month contract is trading at $585.40/ton, whereas the New York Sugar #11 front month contract is trading at 20.95 c/lb.

Currency, Commodity & Indian Indices

Stock market remained closed on occasion of Holi.

News Round-Up

GOI eyes closing balance of sugar at 70 LMT for SS 2022-23

GOI eyes closing balance of sugar at 70 LMT for SS 2022-23

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