ChiniMandi, Mumbai: 20th Sep 2024
Domestic Market
Domestic sugar prices continue to remain stable
Domestic sugar prices were reported to be stable for the second session of the week, after rising sharply in the first three. Demand is reported to be strong, keeping prices supported at higher levels. According to sources, sellers are less active as prices have rallied sharply, indicating lower liquidity in the open market.
In Muzaffarnagar, M-grade sugar costs between Rs 3,840 and Rs 3,900 per quintal, while S-grade costs between Rs 3,590 and Rs 3,660 in Kolhapur. Agrimandi predicts that in the coming days, the price of S-grade sugar in Kolhapur will fall to between Rs 3,500 and Rs 3,650 per quintal.
Ex-mill Sugar Prices as onย ย Sep, 20 2024 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3580 to 3600 |
โน3660 to 3680 |
|
Karnataka |
โน3765 to 3825 |
โน3750 to 3875 |
|
Uttar Pradesh |
|
โน3840 to 3900 |
|
Gujarat |
โน3620 to 3650 |
โน3720 to 3770 |
|
Tamil Nadu |
โน3875 to 4000 |
โน3950 to 4100 |
|
Madhya Pradesh |
โน3730 to 3770 |
โน3975 |
|
Punjab |
โน4000 to 4060 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as onย ย Sep, 20 2024 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,116.00 |
|
Kanpur |
M/30 |
โน4,074.00 |
|
Kolhapur |
M/30 |
โน3,885.00 |
|
Kolkata |
M/30 |
โน4,168.50 |
|
Muzaffarnagar |
M/30 |
โน4,068.75 |
|
Ahmedabad |
M/30 |
โน4,032.00 |
|
Banglore |
M/30 |
โน4,063.50 |
|
Chennai |
M/30 |
โน4,179.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $577.80 ton, whereas the New York Sugar #11 front month contract is trading at 22.42 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.552 whereas USD was trading with BRL at 5.4333, Crude futures traded at โน5938, Crude WTI traded at $70.85 barrel. Sensex closed 1359.51 points higher at 84544.31 whereas Nifty closed 375.15 points higher at 25790.95
News Round-Up
Current FCI rice and maize price not viable for ethanol production, says Abinash Verma
Current FCI rice and maize price not viable for ethanol production, says Abinash Verma
Adani Ports and Rorix Holdings sign MoU to revolutionize commodities market ecosystem
Adani Ports and Rorix Holdings sign MoU to revolutionize commodities market ecosystem
Blockbuster Friday: Sensex ends 1,360 points higher, Nifty nears 25,800
Blockbuster Friday: Sensex ends 1,360 points higher, Nifty nears 25,800
