ChiniMandi, Mumbai: 21st November 2023
Domestic Market
Domestic sugar prices continue to be stable for third session
Sugar prices have been reported to be stable in the major domestic markets for the third session. According to reports, demand is continued to remain low as no major festives. Previous season sugar prices are trading at a discount to new season sugar prices of Rs 120-160 per quintal.
In Kolhapur, S-grade sugar is trading between Rs 3,630 and Rs 3,660 per quintal, while M-grade sugar in Muzaffarnagar is ranging between Rs 3,980 and Rs 4,040. According to Agrimandi.live, S grade sugar will trade in Kolhapur markets for between Rs 3,600 and Rs 3,720 over the next two weeks.
Ex-mill Sugar Prices as on November, 21 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3650 to 3700 |
₹3750 to 3800 |
|
Karnataka |
₹3650 to 3700 |
₹3750 |
|
Uttar Pradesh |
|
₹3845 to 3945 |
|
Gujarat |
₹3701 to 3741 |
₹3781 to 3821 |
|
Tamil Nadu |
₹3750 to 3825 |
₹3800 to 3875 |
|
Madhya Pradesh |
₹3845 to 3900 |
₹3915 to 3950 |
|
Punjab |
₹3950 to 4250 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on November, 21 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,242.00 |
|
Kanpur |
M/30 |
₹4,200.00 |
|
Kolhapur |
M/30 |
₹3,927.00 |
|
Kolkata |
M/30 |
₹4,210.50 |
|
Muzaffarnagar |
M/30 |
₹4,200.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $745.80 ton, whereas the New York Sugar #11 front month contract is trading at 27.53 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.291 whereas USD was trading with BRL at 4.8737, Crude futures traded at ₹6445, Crude WTI traded at $77.28 barrel. Sensex closed 275.62 points higher at 65930.77 whereas Nifty ended 89.40 points higher at 19783.40
News Round-Up
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Amroha: Farmers demand to increase the capacity of sugar mill
32nd International Sugar Seminar kickstarts with a promise of green future
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ADNOC, Santos to pursue global CCS Platform to accelerate net zero goals
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Sensex ends 276 points higher, Nifty above 19,750
