ChiniMandi, Mumbai: 2nd March 2023
Government Notification / Industry Update :
On 28th February 2023, Govt. fixed 22 LMT monthly sugar quota for domestic sale in March 2023.
To know more read
Govt. fixes 22 LMT monthly sugar quota for domestic sale in March 2023
Domestic Market
The market witnessed moderate demand.
Ex-mill Sugar Prices as on March, 02 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3200 to 3240 |
₹3300 to 3340 |
|
Karnataka |
₹3370 to 3400 |
₹3425 to 3450 |
|
Uttar Pradesh |
|
₹3400 to 3450 |
|
Gujarat |
₹3321 to 3351 |
₹3371 to 3401 |
|
Tamil Nadu |
₹3350 to 3425 |
₹3440 to 3475 |
|
Madhya Pradesh |
₹3370 to 3395 |
₹3425 to 3465 |
|
Punjab |
₹3450 to 3521 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 02 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3605 |
|
Kanpur |
M/30 |
₹3710 |
|
Kolhapur |
M/30 |
₹3490 |
|
Kolkata |
M/30 |
₹3810 |
|
Muzaffarnagar |
M/30 |
₹3610 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $574.60/ton, whereas the New York Sugar #11 front month contract is trading at 20.45 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.536, whereas USD was trading with BRL at 5.2106, Crude futures traded at ₹6432, Crude WTI traded at $77.78/barrel. Sensex closed 501.73 points lower at 58,909.35 whereas Nifty ended 129 points lower at 17,321.90
News Round-Up
First session of G20 Foreign Ministers’ Meet commences on multilateralism, food and energy security
First session of G20 Foreign Ministers’ Meet commences on multilateralism, food and energy security
Sugar output in Cuba likely to head new low
Annual sugar consumption in UAE increases by 3% to 250,000 tonnes
Annual sugar consumption in UAE increases by 3% to 250,000 tonnes
NSE gets SEBI nod to launch WTI Crude Oil and Natural Gas futures contracts
NSE gets SEBI nod to launch WTI Crude Oil and Natural Gas futures contracts
5.40 LMT of wheat has been sold to 1049 bidders in 23 states in 4th e-auction by Food Corporation of India
