ChiniMandi, Mumbai: 17th March 2023
Domestic Market
The market witnessed moderate demand
Ex-mill Sugar Prices as on March, 17 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3200 to 3300 |
₹3330 to 3370 |
|
Karnataka |
₹3375 to 3400 |
₹3425 to 3450 |
|
Uttar Pradesh |
|
₹3400 to 3520 |
|
Gujarat |
₹3291 to 3331 |
₹3351 to 3401 |
|
Tamil Nadu |
₹3340 to 3425 |
₹3440 to 3475 |
|
Madhya Pradesh |
₹3370 to 3390 |
₹3420 to 3460 |
|
Punjab |
₹3450 to 3521 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 17 2023 :
|
City |
Grade |
Rate |
|
4Delhi |
M/30 |
₹3600 |
|
Kanpur |
M/30 |
₹3690 |
|
Kolhapur |
M/30 |
₹3500 |
|
Kolkata |
M/30 |
₹3810 |
|
Muzaffarnagar |
M/30 |
₹3600 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $585.70/ton, whereas the New York Sugar #11 front month contract is trading at 20.70 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.640 whereas USD was trading with BRL at 5.2544, Crude futures traded at ₹5581, Crude WTI traded at $67.49/barrel. Sensex closed 355 points higher at 57,989.90 whereas Nifty ended 114.45 points higher at 17,100.05
News Round-Up
Season 2022-23: 194 sugar mills close crushing operations in India
Season 2022-23: 194 sugar mills close crushing operations in India
EU sugar output forecast cut by S&P Global for 2023/24
