Daily Sugar Market Update By Vizzie – 23/03/2023

ChiniMandi, Mumbai: 23rd March 2023
Domestic Market

The market witnessed moderate demand

Ex-mill Sugar Prices as on March, 23 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3200 to 3250

₹3330  to 3370

Karnataka

₹3350 to 3400

₹3380 to 3450

Uttar Pradesh

          ₹3430 to 3500

Gujarat

₹3251 to 3311

          ₹3321 to 3381

Tamil Nadu

₹3285 to 3425

₹3350 to 3450

Madhya Pradesh

₹3345 to 3385

₹3415 to 3455

Punjab

₹3440 to 3511

(All the above rates are excluding GST)

 

Destination-wise Spot Prices as on March, 23 2023 :

City

Grade

Rate

Delhi

M/30

₹3600

Kanpur

M/30

₹3700

Kolhapur

M/30

₹3505

Kolkata

M/30

₹3810

Muzaffarnagar

M/30

₹3600

 

International Market

At the time of writing this update London White Sugar #5 front month contract is trading at $605.50/ton, whereas the New York Sugar #11 front month contract is trading at 21.24 c/lb.

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 82.259 whereas USD was trading with BRL at 5.2443, Crude futures traded at ₹5821, Crude WTI traded at $70.54/barrel. Sensex closed 281.93 points lower at 57,825.28 whereas Nifty ended 75 points lower at 17,076.90

News Round-Up
Tamil Nadu: New cane variety in high demand

Egypt bans exports of sugar for three months

NTPC Green Energy inks pact with Indian Oil Corporation to set up renewable energy projects

Centre has enough stock of fertilizers for Kharif season: Mansukh Mandaviya

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