ChiniMandi, Mumbai: 27th November 2023
Domestic Market
Domestic sugar prices reported to be stable to weak
Sugar prices in the major domestic markets have been reported to be stable to weak. Prices in Kolhapur are trading stable, while in other centers, prices fell by Rs 20-30 per quintal. Previous season sugar prices are trading at a discount of Rs 40-50 per quintal to new season sugar prices.
S-grade sugar in Kolhapur is priced between Rs 3,630 and Rs 3,660 per quintal, while M-grade sugar in Muzaffarnagar is priced between Rs 3,980 and Rs 4,040. S grade sugar, according to Agrimandi, 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, 27 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3630 to 3730 |
₹3730 to 3830 |
|
Karnataka |
₹3660 to 3715 |
₹3765 |
|
Uttar Pradesh |
|
₹3830 to 3935 |
|
Gujarat |
₹3671 to 3711 |
₹3751 to 3791 |
|
Tamil Nadu |
₹3775 to 3850 |
₹3835 to 3875 |
|
Madhya Pradesh |
₹3850 |
₹3900 |
|
Punjab |
₹3900 to 4201 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on November, 27 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,210.50 |
|
Kanpur |
M/30 |
₹4,168.50 |
|
Kolhapur |
M/30 |
₹3,927.00 |
|
Kolkata |
M/30 |
₹4,200.00 |
|
Muzaffarnagar |
M/30 |
₹4,168.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $737.10 ton, whereas the New York Sugar #11 front month contract is trading at 26.89 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.363 whereas USD was trading with BRL at 4.9035, Crude futures traded at ₹6221, Crude WTI traded at $74.62 barrel.
News Round-Up
Global Sugar Alliance members welcome India’s ethanol programme and acknowledge major contribution
Global Sugar Alliance members welcome India’s ethanol programme and acknowledge major contribution
Uttar Pradesh: Akhilesh Yadav slams state government over pending cane dues
Uttar Pradesh: Akhilesh Yadav slams state government over pending cane dues
Haryana: Saraswati Sugar Mills commences payments to sugarcane farmers
Haryana: Saraswati Sugar Mills commences payments to sugarcane farmers
India to highlight Global Biofuels Alliance at upcoming UN climate summit
India to highlight Global Biofuels Alliance at upcoming UN climate summit
Latest update: IMD issues rainfall alert for Maharashtra
