ChiniMandi, Mumbai: 30th November 2023
Domestic Market
Domestic sugar prices continue to fall
Sugar prices have been reported to be lower in the major domestic markets due to weak demand. According to reports, prices per quintal have dropped by Rs 10. Buyers prefer hand to mouth because prices are expected to remain low due to the ongoing crushing season.
In Kolhapur, S-grade sugar costs between Rs 3,600 and Rs 3,650 per quintal, while M-grade sugar costs between Rs 3,930 and Rs 3,980. According to Agrimandi, S grade sugar will trade for between Rs 3,600 and Rs 3,720 in Kolhapur markets over the next two weeks.
Ex-mill Sugar Prices as on November, 30 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3630 to 3660 |
₹3730 to 3760 |
|
Karnataka |
₹3710 to 3715 |
₹3765 |
|
Uttar Pradesh |
|
₹3830 to 3935 |
|
Gujarat |
₹3671 to 3711 |
₹3751 to 3791 |
|
Tamil Nadu |
₹3800 to 3875 |
₹3850 to 3900 |
|
Madhya Pradesh |
₹3650 to 3850 |
₹3750 to 3920 |
|
Punjab |
₹3900 to 4201 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on November, 30 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,189.50 |
|
Kanpur |
M/30 |
₹4,147.50 |
|
Kolhapur |
M/30 |
₹3,906.00 |
|
Kolkata |
M/30 |
₹4,179.00 |
|
Muzaffarnagar |
M/30 |
₹4,147.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $728.40 ton, whereas the New York Sugar #11 front month contract is trading at 26.63 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.366 whereas USD was trading with BRL at 4.9255, Crude futures traded at ₹6563, Crude WTI traded at $78.64 barrel. Sensex closed 86.53 points higher at 66988.44 whereas Nifty ended 36.55 points higher at 20133.15
News Round-Up
Maharashtra: Congress deploys party leaders to assess crop damage from unseasonal rains
Maharashtra: Congress deploys party leaders to assess crop damage from unseasonal rains
Pilibhit: Farmers demand to change sugarcane procurement center to other sugar mill
Pilibhit: Farmers demand to change sugarcane procurement center to other sugar mill
Honeywell is open to invest and collaborate with oil refiners in India to produce sustainable aviation fuel
Start-ups foraying to bring another revolution in India’s agriculture sector
Start-ups foraying to bring another revolution in India’s agriculture sector
PM Modi to address opening session of World Climate Action Summit, attend three high-level side events
