ChiniMandi, Mumbai: 13th May 2024
Domestic Market
Domestic sugar prices traded higher
Domestic sugar prices in the major markets were reported to be higher across the markets. Prices rose by Rs 10-20 per quintal on good demand amidst lesser supply.
In Muzaffarnagar, M-grade sugar costs Rs 3,930 to Rs 3,950 per quintal, while S-grade sugar costs Rs 3,620 to Rs 3,650. Agrimandi anticipates that the price of S grade sugar in the Kolhapur market will fall to between Rs 3,540 and Rs 3,660 per quintal within the next two weeks.
Ex-mill Sugar Prices as on May, 13 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3630 to 3660 |
₹3710 to 3740 |
|
Karnataka |
₹3900 |
– |
|
Uttar Pradesh |
|
₹3930 to 3950 |
|
Gujarat |
₹3671 to 3691 |
₹3775 to 3811 |
|
Tamil Nadu |
₹3875 to 4000 |
₹3950 to 4050 |
|
Madhya Pradesh |
₹3750 to 3800 |
₹3790 to 3840 |
|
Punjab |
₹4000 to 4080 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 13 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,179.00 |
|
Kanpur |
M/30 |
₹4,137.00 |
|
Kolhapur |
M/30 |
₹3,927.00 |
|
Kolkata |
M/30 |
₹4,200.00 |
|
Muzaffarnagar |
M/30 |
₹4,131.75 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $562.10 ton, whereas the New York Sugar #11 front month contract is trading at 19.05 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.493 whereas USD was trading with BRL at 5.1444, Crude futures traded at ₹6589, Crude WTI traded at $78.88 barrel. Sensex closed 111.66 points higher at 72776.13 whereas Nifty closed 48.85 points higher at 22104.05
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