ChiniMandi, Mumbai: 06th Sep 2024
Domestic Market
Domestic sugar prices were stable.
After a continuous drop, domestic sugar prices were said to be stable in the major markets. Although prices have been in a downtrend for the past month, demand is said to be sluggish. Prices in spot markets are weighed down by good crop conditions in the major growing regions.
M-grade sugar costs between Rs 3,780 and Rs 3,820 per quintal in Muzaffarnagar, whereas S-grade costs between Rs 3,585 and Rs 3,635 in Kolhapur. Agrimandi expects S-grade sugar prices in Kolhapur to fall between Rs 3,530 and Rs 3,680 per quintal in the coming days.
Ex-mill Sugar Prices as on Sep, 06 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3580 to 3610 |
₹3660 to 3690 |
|
Karnataka |
₹3720 to 3825 |
₹3750 to 3825 |
|
Uttar Pradesh |
|
₹3780 to 3820 |
|
Gujarat |
₹3610 to 3640 |
₹3690 to 3740 |
|
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, 06 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,032.00 |
|
Kanpur |
M/30 |
₹3,979.50 |
|
Kolhapur |
M/30 |
₹3,864.00 |
|
Kolkata |
M/30 |
₹4,095.00 |
|
Muzaffarnagar |
M/30 |
₹3,979.50 |
|
Ahmedabad |
M/30 |
₹3,974.25 |
|
Banglore |
M/30 |
₹4,011.00 |
|
Chennai |
M/30 |
₹4,137.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $543.80 ton, whereas the New York Sugar #11 front month contract is trading at 19.44 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.951 whereas USD was trading with BRL at 5.5429, Crude futures traded at ₹5875, Crude WTI traded at $69.91 barrel. Sensex closed 1017.23 points lower at 81183.93.
