ChiniMandi, Mumbai: 04th Sep 2024
Domestic Market
Domestic sugar prices continued their downward trend
Domestic sugar prices were reported to be low in the major markets due to sluggish demand. Prices in spot markets are falling as crop conditions improve in the main growing regions. In the Uttar Pradesh and Delhi markets, prices fell by Rs 10 per quintal, while Kolhapur and Kolkata saw a Rs 5 drop.
M-grade sugar costs between Rs 3,810 and Rs 3,850 per quintal in Muzaffarnagar, while S-grade costs between Rs 3,595 and Rs 3,645 in Kolhapur. Agrimandi expects S-grade sugar prices in Kolhapur to range between Rs 3,530 and Rs 3,680 per quintal in the coming days.
Ex-mill Sugar Prices as on Sep, 04 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3580 to 3610 |
₹3660 to 3690 |
|
Karnataka |
₹3730 to 3825 |
₹3775 to 3875 |
|
Uttar Pradesh |
|
₹3810 to 3850 |
|
Gujarat |
₹3620 to 3650 |
₹3700 to 3750 |
|
Tamil Nadu |
₹3850 to 4000 |
₹3975 to 4100 |
|
Madhya Pradesh |
₹3730 to 3770 |
₹3975 |
|
Punjab |
₹4000 to 4060 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Sep, 04 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,058.25 |
|
Kanpur |
M/30 |
₹4,011.00 |
|
Kolhapur |
M/30 |
₹3,874.50 |
|
Kolkata |
M/30 |
₹4,126.50 |
|
Muzaffarnagar |
M/30 |
₹4,011.00 |
|
Ahmedabad |
M/30 |
₹3,984.75 |
|
Banglore |
M/30 |
₹4,021.50 |
|
Chennai |
M/30 |
₹4,147.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $542.40 ton, whereas the New York Sugar #11 front month contract is trading at 19.38 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.988 whereas USD was trading with BRL at 5.6456, Crude futures traded at ₹5923, Crude WTI traded at $70.42 barrel. Sensex closed 202.80 points lower at 82352.64 whereas Nifty closed 81.15 points lower at 25198.70
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