ChiniMandi, Mumbai: 22nd April 2023
Domestic Market
Weak sentiment reported
Domestic sugar prices quoted weak on subdued demand. Govt measures to check the prices rally also weighing the prices in the physical market. Trades were reported thin on the back holiday. Prices at major centres are reported down by around Rs 20-30 per Qntl.
Prices are expected to trade in a broader range in the near term, with limited downside due to short supply. We anticipate prices to quote steady for the coming days before making monthly quota allocations for the month of May.
Ex-mill Sugar Prices as on April, 22 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3400 to 3410 |
₹3520 to 3540 |
|
Karnataka |
₹3550 to 3575 |
₹3600 to 3625 |
|
Uttar Pradesh |
|
₹3590 to 3650 |
|
Gujarat |
₹3461 to 3501 |
₹3531 to 3571 |
|
Tamil Nadu |
₹3550 to 3620 |
₹3620 to 3650 |
|
Madhya Pradesh |
₹3610 to 3655 |
₹3680 to 3725 |
|
Punjab |
₹3745 to 3801 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 22 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,867.15 |
|
Kanpur |
M/30 |
₹3,816.75 |
|
Kolhapur |
M/30 |
₹3,664.50 |
|
Kolkata |
M/30 |
₹4,025.70 |
|
Muzaffarnagar |
M/30 |
₹3,790.50 |
News Round-Up
Malaysia: Experts urge government to offer tax incentives to reduce sugar content
Malaysia: Experts urge government to offer tax incentives to reduce sugar content
Philippines: Demand to give smuggled sugar to poor families
Sugar mill poll: Campaign ends ahead of voting
India’s forex reserves rise by USD 1.657 bn, reach 9-month high
India’s forex reserves rise by USD 1.657 bn, reach 9-month high
Online training session organised for operation of “Ganna Nivesh App” in Cooperative Cane and Sugar Mill Societies
