ChiniMandi, Mumbai: 13th October 2023
Domestic Market
Domestic sugar prices traded stable
After a weak start in the morning session, prices in the major domestic markets have been reported to be stable in the major centers. However, due to the delayed start of the crushing season and the upcoming festive season, prices are expected to trade higher. Demand is reported to be subdued in today’s session.
In Kolhapur, S-grade sugar quintals cost between Rs. 3,650 and 3,690, while M-grade sugar costs between Rs. 3,880 and 3,910. Agrimandi.live estimates that S grade sugar will cost between Rs 3,620 and Rs 3,700 in Kolhapur markets.
Ex-mill Sugar Prices as on October, 13, 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3660 to 3710 |
₹3760 to 3810 |
|
Karnataka |
₹3680 to 3700 |
₹3750 |
|
Uttar Pradesh |
|
₹3800 to 3930 |
|
Gujarat |
₹3721 to 3780 |
₹3805 to 3850 |
|
Tamil Nadu |
₹3700 to 3800 |
₹3800 to 3850 |
|
Madhya Pradesh |
₹3855 to 3865 |
₹3925 to 3935 |
|
Punjab |
₹3930 to 4150 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on October, 13 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,116.00 |
|
Kanpur |
M/30 |
₹4,074.00 |
|
Kolhapur |
M/30 |
₹3,958.50 |
|
Kolkata |
M/30 |
₹4,137.00 |
|
Muzaffarnagar |
M/30 |
₹4,084.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $715.50 ton, whereas the New York Sugar #11 front month contract is trading at 26.53 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.278 whereas USD was trading with BRL at 5.0475, Crude futures traded at ₹7170, Crude WTI traded at $86.04 barrel. Sensex closed 125.65 points lower at 66282.74 whereas Nifty ended 42.95 points lower at 19751.05
News Round-Up
India’s exports surge in key sectors despite overall trade dip in September
India’s exports surge in key sectors despite overall trade dip in September
Philippines: SRA halts release of imported sugar to protect local farmers
Philippines: SRA halts release of imported sugar to protect local farmers
Goa: Famers urge CM Pramod Sawant to consider proposal to restart Sanjivani sugar mill
Goa: Famers urge CM Pramod Sawant to consider proposal to restart Sanjivani sugar mill
Govt to increase share of Natural Gas in primary energy mix in coming years: Union Minister Hardeep Puri
Karnataka govt mulls purchasing electricity from external sources
Karnataka govt mulls purchasing electricity from external sources
