Daily Sugar Market Update By Vizzie – 10/03/2023

ChiniMandi, Mumbai: 10th March 2023

Domestic Market

The market witnessed moderate demand

Ex-mill Sugar Prices as on March, 10 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, 10 2023 :

City

Grade

Rate

Delhi

M/30

₹3590

Kanpur

M/30

₹3680

Kolhapur

M/30

₹3490

Kolkata

M/30

₹3800

Muzaffarnagar

M/30

₹3590


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 20.91 c/lb.

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 82.053 whereas USD was trading with BRL at 5.1792, Crude futures traded at ₹6171, Crude WTI traded at $74.98/barrel. Sensex closed 671.15 points lower at 59,135.13 whereas Nifty ended 176.70 points lower at 17,412.90

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