ChiniMandi, Mumbai: 28th March 2023
Domestic Market
The market witnessed moderate demand and supplies have been tighter.
Ex-mill Sugar Prices as on March, 28 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3200 to 3250 |
₹3330 to 3370 |
|
Karnataka |
₹3400 |
₹ 3450 |
|
Uttar Pradesh |
|
₹3500 to 3550 |
|
Gujarat |
₹3271 to 3311 |
₹3341 to 3381 |
|
Tamil Nadu |
₹3325 to 3425 |
₹3450 to 3475 |
|
Madhya Pradesh |
₹3370 to 3505 |
₹3440 to 3475 |
|
Punjab |
₹3560 to 3600 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 28 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3600 |
|
Kanpur |
M/30 |
₹3700 |
|
Kolhapur |
M/30 |
₹3510 |
|
Kolkata |
M/30 |
₹3815 |
|
Muzaffarnagar |
M/30 |
₹3605 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $608.40/ton, whereas the New York Sugar #11 front month contract is trading at 21.07 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.137 whereas USD was trading with BRL at 5.1959, Crude futures traded at ₹6019, Crude WTI traded at $73.11/barrel. Sensex closed 40.14 points lower at 57,613.72 whereas Nifty ended 34.00 points lower at 16,951.70.
News Round-Up
Karnataka: Mysore Petro Chemicals plans to set up ethanol unit
Kolhapur region tops in sugar production in Maharashtra
