ChiniMandi, Mumbai: 10th October 2023
Domestic Market
Firm sentiment reported in domestic prices
Following a weak session yesterday, prices in the major domestic markets have been reported to be firm in the major centers. Prices in major cities increased by Rs 10-20 per quintal due to high demand ahead of the festive season.
In Kolhapur, S-grade sugar quintals cost between Rs. 3,620 and 3,660, while M-grade sugar costs between Rs. 3,840 and 3,860. According to Agrimandi.live, S grade sugar will cost between Rs 3,620 and Rs 3,700 in Kolhapur markets.
Ex-mill Sugar Prices as on October, 10 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3610 to 3640 |
₹3710 to 3740 |
|
Karnataka |
₹3630 to 3675 |
₹3725 |
|
Uttar Pradesh |
|
₹3775 to 3880 |
|
Gujarat |
₹3641 to 3700 |
₹3725 to 3760 |
|
Tamil Nadu |
₹3675 to 3800 |
₹3775 to 3850 |
|
Madhya Pradesh |
₹3770 to 3780 |
₹3840 to 3850 |
|
Punjab |
₹3870 to 4040 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on October, 10 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,063.50 |
|
Kanpur |
M/30 |
₹4,021.50 |
|
Kolhapur |
M/30 |
₹3,921.75 |
|
Kolkata |
M/30 |
₹4,105.50 |
|
Muzaffarnagar |
M/30 |
₹4,032.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $718.50 ton, whereas the New York Sugar #11 front month contract is trading at 26.99 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.256 whereas USD was trading with BRL at 5.1368, Crude futures traded at ₹7164, Crude WTI traded at $85.98 barrel. Sensex closed 566.97 points higher at 66079.36 whereas Nifty ended 177.50 points higher at 19689.85
News Round-Up
Sugar & Ethanol India Conference (SEIC) 2024: All you need to know
Sugar & Ethanol India Conference (SEIC) 2024: All you need to know
Ethanol prices expected to rise by 3 per cent: Hemant Shah
Organic sugar export from India restricted with immediate effect
Organic sugar export from India restricted with immediate effect
Union Minister RK Singh invites Saudi business personalities and investors to invest in India in green hydrogen and other sectors
Central drought assessment team completes review, relief expected soon: Karnataka Revenue Minister
Central drought assessment team completes review, relief expected soon: Karnataka Revenue Minister
