ChiniMandi, Mumbai: 11th April 2023
Domestic Market
The market witnessed strong demand. Sugar prices have been climbing upwards in the last 3 weeks.
Ex-mill Sugar Prices as on April, 11 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3400 to 3470 |
₹3550 to 3600 |
|
Karnataka |
₹3550 to 3575 |
₹3600 to 3625 |
|
Uttar Pradesh |
|
₹3650 to 3740 |
|
Gujarat |
₹3481 to 3511 |
₹3551 to 3581 |
|
Tamil Nadu |
₹3560 to 3600 |
₹3610 to 3650 |
|
Madhya Pradesh |
₹3600 to 3675 |
₹3650 to 3745 |
|
Punjab |
₹3725 to 3771 |
|
|
(All the above rates are excluding GST) |
||
International Market
Sugar prices are rallying on tighter global supplies. At the time of writing this update London White Sugar #5 front month contract is trading at $703.80/ton, whereas the New York Sugar #11 front month contract is trading at 23.87 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.090 whereas USD was trading with BRL at 5.0490, Crude futures traded at ₹6558, Crude WTI traded at $79.80/barrel. Sensex closed 311.21 points higher at 60,157.72 whereas Nifty ended 98.25points higher at 17722.30
News Round-Up
Skymet forecasts ‘below normal’ monsoon for India
Sugar manufacturer EID Parry declares second interim dividend for 2022-23
Sugar manufacturer EID Parry declares second interim dividend for 2022-23
Previous govts sold sugar mills at throw away prices: Uttar Pradesh Chief Minister
Previous govts sold sugar mills at throw away prices: Uttar Pradesh Chief Minister
India will be third largest economy by 2027-28: Piyush Goyal
India will be third largest economy by 2027-28: Piyush Goyal
