ChiniMandi, Mumbai: 29th March 2023
Domestic Market
The market witnessed moderate demand and supplies have been tighter.
Ex-mill Sugar Prices as on March, 29 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 |
|
₹3500 to 3550 |
|
Gujarat |
₹3271 to 3311 |
₹3341 to 3381 |
|
Tamil Nadu |
₹3285 to 3425 |
₹3350 to 3450 |
|
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, 29 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
Sugar prices rallied on strengthened crude prices and tighter global supplies. At the time of writing this update London White Sugar #5 front month contract is trading at $613.90/ton, whereas the New York Sugar #11 front month contract is trading at 21.18 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.275 whereas USD was trading with BRL at 5.1658, Crude futures traded at ₹6095, Crude WTI traded at $73.97/barrel. Sensex closed 346.37 points higher at 57,960.09 whereas Nifty ended 129 points higher at 17,080.70.
News Round-Up
Bihar may woo private players in sugar industry
Karnataka: Mysore Petro Chemicals plans to set up ethanol unit
Karnataka: Mysore Petro Chemicals plans to set up ethanol unit
China’s High Sugar Prices Drive Consumers to Switch Products
China’s High Sugar Prices Drive Consumers to Switch Products
Himachal Pradesh, HLC Green Energy sign MoU; investments of Rs 4,000 crore expected
Himachal Pradesh, HLC Green Energy sign MoU; investments of Rs 4,000 crore expected
