ChiniMandi, Mumbai: 25th Nov 2024
Domestic Market
Domestic sugar prices continued to show signs of weakness.
Domestic sugar prices in the major markets are showing signs of weakness. Trading activity was reported to be slow, and demand was said to be low, with buyers preferring low rates.
S-grade sugar in Kolhapur costs Rs 3,390-3,460 per quintal, while M-grade sugar in Muzaffarnagar costs Rs 3,700-3,770. According to Agrimandi.live, Kolhapur S-grade sugar will cost between Rs 3,370 and Rs 3,480 per quintal in the near future.
Ex-mill Sugar Prices as onย ย Nov, 25 2024 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3400 to 3460 |
โน3500 to 3540 |
|
South Karnataka |
โน3530 to 3610 |
โน3620 to 3650 |
|
Uttar Pradesh |
|
โน3720 to 3770 |
|
Gujarat |
โน3515 to 3541 |
โน3551 to 3631 |
|
Tamil Nadu |
โน3675 to 3825 |
โน3735 to 3925 |
|
Madhya Pradesh |
โน3700 to 3720 |
โน3750 to 3820 |
|
Punjab |
โน3950 to 4050 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as onย ย Nov, 25 2024 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน3,990.00 |
|
Kanpur |
M/30 |
โน3,948.00 |
|
Kolhapur |
M/30 |
โน3,696.00 |
|
Kolkata |
M/30 |
โน4,000.50 |
|
Muzaffarnagar |
M/30 |
โน3,948.00 |
|
Ahmedabad |
M/30 |
โน3,853.50 |
|
Banglore |
M/30 |
โน3,906.00 |
|
Chennai |
M/30 |
โน4,021.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $551.80 ton, whereas the New York Sugar #11 front month contract is trading at 21.29 c/lb. The corn futures market trades at 424-0 and the ethanol Chicago trades at 1.62000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.297 whereas USD was trading with BRL at 5.7965, Crude WTI traded at $71.08 barrel. Sensex closed 992.74 points up at 80,109.85 whereas Nifty closed 314.65 points upper at 24,221.90
News Round-Up
Maharashtraโs sugar mills clear 99.92 percent cane dues in season 2023-24
Maharashtra’s sugar mills clear 99.92 per cent cane dues in season 2023-24
Maldives: No disruptions in sugar supply, assures State Trading Organization
Maldives: No disruptions in sugar supply, assures State Trading Organization
How do the international sugar market prices compare to domestic prices, and what factors are influencing this disparity? Regard Magister Manajemen