ChiniMandi, Mumbai: 24th March 2023
Domestic Market
The market witnessed moderate demand
Ex-mill Sugar Prices as on March, 24 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, 24 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3595 |
|
Kanpur |
M/30 |
₹3695 |
|
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 $599/ton, whereas the New York Sugar #11 front month contract is trading at 20.86 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.446 whereas USD was trading with BRL at 5.3233, Crude futures traded at ₹5631, Crude WTI traded at $68.41/barrel. Sensex closed 398.18 points lower at 57,527.10 whereas Nifty ended 131.85 points lower at 16,945.05
News Round-Up
Bajaj Hindusthan Sugar acquires 98 per cent stake in Phenil Sugar
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
