ChiniMandi, Mumbai: 18th April 2023
Domestic Market
The domestic sugar market is experiencing low demand and rates are stable.
Ex-mill Sugar Prices as on April, 18 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3430 to 3440 |
₹3530 to 3550 |
|
Karnataka |
₹3550 to 3575 |
₹3600 to 3625 |
|
Uttar Pradesh |
|
₹3640 to 3705 |
|
Gujarat |
₹3501 to 3541 |
₹3571 to 3611 |
|
Tamil Nadu |
₹3550 to 3620 |
₹3535 to 3650 |
|
Madhya Pradesh |
₹3620 to 3665 |
₹3690 to 3735 |
|
Punjab |
₹3775 to 3801 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 18 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,953.25 |
|
Kanpur |
M/30 |
₹3,900.75 |
|
Kolhapur |
M/30 |
₹3,711.75 |
|
Kolkata |
M/30 |
₹4,110.75 |
|
Muzaffarnagar |
M/30 |
₹3,869.25 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $671.90/ton, whereas the New York Sugar #11 front month contract is trading at 24.31 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.024 whereas USD was trading with BRL at 4.9415, Crude futures traded at ₹6619, Crude WTI traded at $80.58/barrel. Sensex closed 183.74 points lower at 59727.01 whereas Nifty ended 46.70 points lower at 17660.15
News Round-Up
Thailand: OCSB estimates sugarcane output lower than expected
Thailand: OCSB estimates sugarcane output lower than expected
Chhattisgarh: Ethanol plant to be established in factory premises
Chhattisgarh: Ethanol plant to be established in factory premises
Haryana: Three-storey rice mill collapses in Karnal, several workers feared trapped
Haryana: Three-storey rice mill collapses in Karnal, several workers feared trapped
Odisha: IMD issues yellow alert in wake of heat wave condition
Odisha: IMD issues yellow alert in wake of heat wave condition
Freight revenue leapfrogged to Rs 1.62 lakh Cr, a growth of nearly 15 per cent
Freight revenue leapfrogged to Rs 1.62 lakh Cr, a growth of nearly 15 per cent
