Daily Sugar Market Update By Vizzie – 14/03/2023

ChiniMandi, Mumbai: 14th March 2023
Domestic Market

The market witnessed moderate demand

Ex-mill Sugar Prices as on March, 14 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3300

₹3330  to 3370

Karnataka

₹3375 to 3400

₹3425 to 3450

Uttar Pradesh

            ₹3400 to 3520

Gujarat

₹3321 to 3351

            ₹3371 to 3401

Tamil Nadu

₹3340 to 3425

₹3440 to 3475

Madhya Pradesh

₹3370 to 3390

₹3420 to 3460

Punjab

₹3450 to 3521

(All the above rates are excluding GST)

 

Destination-wise Spot Prices as on March, 14 2023 :

City

Grade

Rate

Delhi

M/30

₹3600

Kanpur

M/30

₹3690

Kolhapur

M/30

₹3500

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 $587.40/ton, whereas the New York Sugar #11 front month contract is trading at 21.00 c/lb.

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 82.445 whereas USD was trading with BRL at 5.2390, Crude futures traded at ₹6062, Crude WTI traded at $73.44/barrel. Sensex closed 337.66 points lower at 57,900.19 whereas Nifty ended 111.00 points lower at 17,043.30.

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