Daily Sugar Market Update By Vizzie – 08/03/2023

ChiniMandi, Mumbai: 8th March 2023
Domestic Market

Major markets remained closed today on the occasion of Holi.
Ex-mill Sugar Prices as on March, 08 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3250 to 3350

₹3300  to 3400

Karnataka

₹3375 to 3400

₹3425 to 3450

Uttar Pradesh

            ₹3400 to 3500

Gujarat

₹3321 to 3351

            ₹3371 to 3401

Tamil Nadu

₹3340 to 3425

₹3440 to 3475

Madhya Pradesh

₹3350 to 3390

₹3420 to 3460

Punjab

₹3450 to 3521

(All the above rates are excluding GST)

Destination-wise Spot Prices as on March, 08 2023 :

City

Grade

Rate

Delhi

M/30

₹3600

Kanpur

M/30

₹3690

Kolhapur

M/30

₹3490

Kolkata

M/30

₹3805

Muzaffarnagar

M/30

₹3595

International Market

At the time of writing this update London White Sugar #5 front month contract is trading at $584.60/ton, whereas the New York Sugar #11 front month contract is trading at 20.95 c/lb.

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 81.993, whereas USD was trading with BRL at 5.1815, Crude futures traded at ₹6345, Crude WTI traded at $77.19/barrel. Sensex closed 123.63 points higher at 60,348.09 whereas Nifty ended 42.95 points higher at 17,754.40.

News Round-Up
Uttar Pradesh tops in ethanol production in country: Yogi Adityanath

Uttar Pradesh tops in ethanol production in country: Yogi Adityanath

India in partnership with UN to send 20,000 MTs wheat for Afghan people through Chabahar Port

India in partnership with UN to send 20,000 MTs wheat for Afghan people through Chabahar Port

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