ChiniMandi, Mumbai: 4th October 2023
Domestic Market
Domestic prices traded stable after three sessions
Domestic sugar prices traded stable on good demand at lower price levels. In Kolhapur, S-grade sugar is ranged between Rs. 3,620 and 3,650, while M-grade sugar trading between Rs. 3,820 and 3,840 in Muzaffarnagar.
According to Agrimandi.live, S grade sugar in Kolhapur markets will cost between Rs 3,620 and Rs 3,700.
Ex-mill Sugar Prices as on October, 4 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3600 to 3630 |
₹3700 to 3730 |
|
Karnataka |
₹3630 to 3675 |
₹3725 |
|
Uttar Pradesh |
|
₹3795 to 3890 |
|
Gujarat |
₹3641 |
₹3701 to 3761 |
|
Tamil Nadu |
₹3675 to 3800 |
₹3775 to 3825 |
|
Madhya Pradesh |
₹3790 to 3805 |
₹3860 to 3875 |
|
Punjab |
₹3900 to 4031 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on October, 4 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,042.50 |
|
Kanpur |
M/30 |
₹4,005.75 |
|
Kolhapur |
M/30 |
₹3,916.50 |
|
Kolkata |
M/30 |
₹4,105.50 |
|
Muzaffarnagar |
M/30 |
₹4,016.25 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $686.70 ton, whereas the New York Sugar #11 front month contract is trading at 25.53 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.243 whereas USD was trading with BRL at 5.1677, Crude futures traded at ₹7302, Crude WTI traded at $87.53 barrel. Sensex closed 286.06 points lower at 65226.04 whereas Nifty ended 92.65 points lower at 19436.10
News Round-Up
Dual sugar pricing policy: Sugar industry weighs pros and cons
Dual sugar pricing policy: Sugar industry weighs pros and cons
Kenya’s sugar prices drop in August after import surge
Lakhimpur Kheri: Farmers demand to increase sugarcane price to Rs 500 per quintal
Lakhimpur Kheri: Farmers demand to increase sugarcane price to Rs 500 per quintal
Andhra Pradesh: CM YS Jagan Mohan Reddy to lay foundation for ethanol plant today
Andhra Pradesh: CM YS Jagan Mohan Reddy to lay foundation for ethanol plant today
Sensex ends 286 points lower, Nifty below 19,450
