ChiniMandi, Mumbai: 13th October 2023
Domestic Market
Domestic sugar prices traded stable
After a weak start in the morning session, prices in the major domestic markets have been reported to be stable in the major centers. However, due to the delayed start of the crushing season and the upcoming festive season, prices are expected to trade higher. Demand is reported to be subdued in today’s session.
In Kolhapur, S-grade sugar quintals cost between Rs. 3,650 and 3,690, while M-grade sugar costs between Rs. 3,880 and 3,910. 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, 13, 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3660 to 3710 |
โน3760 to 3810 |
|
Karnataka |
โน3680 to 3700 |
โน3750 |
|
Uttar Pradesh |
|
โน3800 to 3930 |
|
Gujarat |
โน3721 to 3780 |
โน3805 to 3850 |
|
Tamil Nadu |
โน3700 to 3800 |
โน3800 to 3850 |
|
Madhya Pradesh |
โน3855 to 3865 |
โน3925 to 3935 |
|
Punjab |
โน3930 to 4150 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on October, 13 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
โน4,116.00 |
|
Kanpur |
M/30 |
โน4,074.00 |
|
Kolhapur |
M/30 |
โน3,958.50 |
|
Kolkata |
M/30 |
โน4,137.00 |
|
Muzaffarnagar |
M/30 |
โน4,084.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $715.50 ton, whereas the New York Sugar #11 front month contract is trading at 26.53 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.278 whereas USD was trading with BRL at 5.0475, Crude futures traded at โน7170, Crude WTI traded at $86.04 barrel. Sensex closed 125.65 points lower at 66282.74 whereas Nifty ended 42.95 points lower at 19751.05
News Round-Up
Indiaโs exports surge in key sectors despite overall trade dip in September
India’s exports surge in key sectors despite overall trade dip in September
Philippines: SRA halts release of imported sugar to protect local farmers
Philippines: SRA halts release of imported sugar to protect local farmers
Goa: Famers urge CM Pramod Sawant to consider proposal to restart Sanjivani sugar mill
Goa: Famers urge CM Pramod Sawant to consider proposal to restart Sanjivani sugar mill
Govt to increase share of Natural Gas in primary energy mix in coming years: Union Minister Hardeep Puri
Karnataka govt mulls purchasing electricity from external sources
Karnataka govt mulls purchasing electricity from external sources
