Daily Sugar Market Update By Vizzie – 08/03/2023

ChiniMandi, Mumbai: 8th March 2023
Domestic Market

Major markets remained closed today on the occasion of Holi.
Ex-mill Sugar Prices as on March, 08 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3250 to 3350

โ‚น3300ย  to 3400

Karnataka

โ‚น3375 to 3400

โ‚น3425 to 3450

Uttar Pradesh

ย  ย  ย  ย  ย  ย  โ‚น3400 to 3500

Gujarat

โ‚น3321 to 3351

ย  ย  ย  ย  ย  ย  โ‚น3371 to 3401

Tamil Nadu

โ‚น3340 to 3425

โ‚น3440 to 3475

Madhya Pradesh

โ‚น3350 to 3390

โ‚น3420 to 3460

Punjab

โ‚น3450 to 3521

(All the above rates are excluding GST)

Destination-wise Spot Prices as on March, 08 2023 :

City

Grade

Rate

Delhi

M/30

โ‚น3600

Kanpur

M/30

โ‚น3690

Kolhapur

M/30

โ‚น3490

Kolkata

M/30

โ‚น3805

Muzaffarnagar

M/30

โ‚น3595

International Market

At the time of writing this update London White Sugar #5 front month contract is trading at $584.60/ton, whereas the New York Sugar #11 front month contract is trading at 20.95 c/lb.

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 81.993, whereas USD was trading with BRL at 5.1815, Crude futures traded at โ‚น6345, Crude WTI traded at $77.19/barrel. Sensex closed 123.63 points higher at 60,348.09 whereas Nifty ended 42.95 points higher at 17,754.40.

News Round-Up
Uttar Pradesh tops in ethanol production in country: Yogi Adityanath

Uttar Pradesh tops in ethanol production in country: Yogi Adityanath

India in partnership with UN to send 20,000 MTs wheat for Afghan people through Chabahar Port

India in partnership with UN to send 20,000 MTs wheat for Afghan people through Chabahar Port

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