ChiniMandi, Mumbai: 15th November 2023
Domestic Market
Domestic sugar prices rose on lower monthly quota
Sugar prices were reported to be higher in the major domestic market due to a lower monthly quota.
In a notification issued on November 14, the government has released 8 lakh metric tonnes (LMT) of sugar for the second tranche of Novemberโs domestic sales quota with extension of first tranche to November 30, 2023.
Earlier, the government had released the first tranche of the domestic sales quota, amounting to 15 LMT, which was valid till 15th November, 2023. Therefore, the total quota for the month of November now stands at 23 LMT.
In Kolhapur, S-grade sugar was priced between Rs 3,630 and Rs 3,660 per quintal, while M-grade sugar was priced between Rs 3,930 and Rs 3,980. According to Agrimandi.live, S grade sugar will trade for between Rs 3,600 and Rs 3,720 in Kolhapur markets over the next two weeks.
Ex-mill Sugar Prices as on November, 15 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3620 to 3680 |
โน3720 to 3780 |
|
Karnataka |
โน3660 to 3685 |
โน3735 |
|
Uttar Pradesh |
|
– |
|
Gujarat |
Holiday |
Holiday |
|
Tamil Nadu |
โน3740 to 3850 |
โน3800 to 3900 |
|
Madhya Pradesh |
โน3750 to 3861 |
โน3850 to 3931 |
|
Punjab |
– |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on November, 15 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
โน4,200.00 |
|
Kanpur |
M/30 |
โน4,158.00 |
|
Kolhapur |
M/30 |
โน3,927.00 |
|
Kolkata |
M/30 |
โน4,189.50 |
|
Muzaffarnagar |
M/30 |
โน4,158.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $744.00 ton, whereas the New York Sugar #11 front month contract is trading at 27.25 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.110 whereas USD was trading with BRL at 4.8626, Crude futures traded at โน6458, Crude WTI traded at $77.78 barrel. Sensex closed 742.06 points higher at 65675.93 whereas Nifty ended 231.90 points higher at 19675.45
News Round-Up
Bio CNG, LNG, bio bitumen, aviation fuel is being made from stubble: Nitin Gadkari
Bio CNG, LNG, bio bitumen, aviation fuel is being made from stubble: Nitin Gadkari
Haryana: Sugarcane crushing begins at Karnal sugar mill
Brazil expresses interest in expanding export of corn to India in near future
Brazil expresses interest in expanding export of corn to India in near future
Global emissions may drop by just 2 per cent by 2030: UN report
Global emissions may drop by just 2 per cent by 2030: UN report
Indiaโs October exports up over 9%, overall 2023-24 figures marginally lower
India’s October exports up over 9%, overall 2023-24 figures marginally lower
