ChiniMandi, Mumbai: 23rd November 2023
Domestic Market
Domestic sugar prices continue to be stable for a week
Sugar prices have been reported to be stable in the major domestic markets for the week and expected to remain for next 2-3 sessions. According to reports, demand is reported to be good. Previous season sugar prices are trading at a discount to new season sugar prices of Rs 40-50 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, 23 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3650 to 3700 |
₹3750 to 3800 |
|
Karnataka |
₹3710 to 3715 |
₹3765 |
|
Uttar Pradesh |
|
₹3845 to 3945 |
|
Gujarat |
₹3701 to 3741 |
₹3781 to 3821 |
|
Tamil Nadu |
₹3775 to 3850 |
₹3825 to 3875 |
|
Madhya Pradesh |
₹3750 to 3900 |
₹3850 to 3950 |
|
Punjab |
₹3900 to 4201 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on November, 23 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 $744.40 ton, whereas the New York Sugar #11 front month contracts were closed on the occasion of Thanksgiving Day.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.330 whereas USD was trading with BRL at 4.8894, Crude futures traded at ₹6373, Crude WTI traded at $76.30 barrel. Sensex closed 5.43 points lower at 66017.81 whereas Nifty ended 9.85 points lower at 19802.00
News Round-Up
Samyukt Kisan Morcha announces three-day protest to press for pending demands
Samyukt Kisan Morcha announces three-day protest to press for pending demands
Middlemen illegally supplying sugarcane from Uttar Pradesh to Bihar; officials to take action: Media report
Through Global Biofuels Alliance we are promoting development of alternative fuels: PM Narendra Modi
Through Global Biofuels Alliance we are promoting development of alternative fuels: PM Narendra Modi
Market ends flat amid volatility
India’s exports showcase remarkable resilience, eyes USD 2 trillion goal by 2030: PHD Chamber
India’s exports showcase remarkable resilience, eyes USD 2 trillion goal by 2030: PHD Chamber
