ChiniMandi, Mumbai: 8th Oct 2024
Domestic Market
Domestic sugar prices reported stable
Following a weak session, domestic sugar prices were reported to be stable across markets due to low demand. Demand is said to be dull, with buyers living hand-to-mouth. Furthermore, crushing is expected to begin in Karnataka in mid-October, putting downward pressure on prices.
M-grade sugar in Muzaffarnagar ranges from Rs 3,920 to Rs 3,970 per quintal, while S-grade sugar in Kolhapur costs between Rs 3,580 and Rs 3,650. Agrimandi.live forecasts that S-grade sugar prices in Kolhapur will fall between Rs 3,500 and Rs 3,650 per quintal in the coming days.
Ex-mill Sugar Prices as onย ย Oct, 8 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3570 to 3610 |
โน3650 to 3690 |
|
Karnataka |
โน3710 to 3800 |
โน3760 to 3850 |
|
Uttar Pradesh |
|
โน3920 to 3970 |
|
Gujarat |
โน3651 to 3701 |
โน3725 to 3821 |
|
Tamil Nadu |
โน3850 to 4000 |
โน3950 to 4100 |
|
Madhya Pradesh |
โน3700 to 3720 |
โน3750 to 3820 |
|
Punjab |
โน3950 to 4040 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as onย ย Oct, 8 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
โน4,200.00 |
|
Kanpur |
M/30 |
โน4,158.00 |
|
Kolhapur |
M/30 |
โน3,895.50 |
|
Kolkata |
M/30 |
โน4,242.00 |
|
Muzaffarnagar |
M/30 |
โน4,158.00 |
|
Ahmedabad |
M/30 |
โน4,042.50 |
|
Banglore |
M/30 |
โน4,084.50 |
|
Chennai |
M/30 |
โน4,200.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $573.20 ton, whereas the New York Sugar #11 front month contract is trading at 22.47 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.967 whereas USD was trading with BRL at 5.5090, Crude futures traded at โน6347, Crude WTI traded at $75.48 barrel. Sensex closed 584.81 points higher at 81634.81 whereas Nifty closed 217.40 points higher at 25013.15
News Round-Up
India has potential to produce 8-10 mn tonnes of sustainable aviation fuel by 2040: Deloitte report
India has potential to produce 8-10 mn tonnes of sustainable aviation fuel by 2040: Deloitteย report
Hardeep Singh Puri confident of meeting 20 percent ethanol blending well before target time
Hardeep Singh Puri confident of meeting 20 per cent ethanol blending well before target time
โPunjab govt is giving alternates to farmers for stubble burning,โ says AAP MP Malvinder Singh
“Punjab govt is giving alternates to farmers for stubble burning,” says AAP MP Malvinder Singh
