ChiniMandi, Mumbai: 18th Sep 2024
Domestic Market
Domestic sugar prices continue to trade higher.
Domestic sugar prices continue to trade higher for the fourth session as demand is reported to be good. Moreover, as prices are increasing, sellers are remained inactive. Kolhapur prices were reported to be higher by Rs 10-20 per quintal, while Uttar Pradesh prices were reported to be higher by Rs 40-50 per quintal.
In Muzaffarnagar, M-grade sugar costs between Rs 3,840 and Rs 3,900 per quintal, while S-grade costs between Rs 3,590 and Rs 3,660 in Kolhapur. Agrimandi predicts that in the upcoming days, the price of S-grade sugar in Kolhapur will drop to between Rs 3,500 and Rs 3,650 per quintal.
Ex-mill Sugar Prices as on Sep, 18 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3570 to 3600 |
₹3650 to 3680 |
|
Karnataka |
₹3720 to 3800 |
₹3750 to 3850 |
|
Uttar Pradesh |
|
₹3840 to 3900 |
|
Gujarat |
₹3610 to 3640 |
₹3700 to 3750 |
|
Tamil Nadu |
₹3825 to 4000 |
₹3950 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, 18 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,116.00 |
|
Kanpur |
M/30 |
₹4,074.00 |
|
Kolhapur |
M/30 |
₹3,885.00 |
|
Kolkata |
M/30 |
₹4,168.50 |
|
Muzaffarnagar |
M/30 |
₹4,068.75 |
|
Ahmedabad |
M/30 |
₹4,032.00 |
|
Banglore |
M/30 |
₹4,063.50 |
|
Chennai |
M/30 |
₹4,179.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $545.60 ton, whereas the New York Sugar #11 front month contract is trading at 20.50 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.724 whereas USD was trading with BRL at 5.4870, Crude futures traded at ₹5908, Crude WTI traded at $69.37 barrel. Sensex closed 131.43 points lower at 82948.23 whereas Nifty closed 41.00 points lower at 25377.55
News Round-Up
Data accuracy: Sugar mills begin API integration of ERP systems with NSWS portal
Data accuracy: Sugar mills begin API integration of ERP systems with NSWS portal
ISMA to host 2nd edition of ‘The India Sugar & Bio-Energy Conference’ on September 26th and 27th in Delhi
Ethanol boost: BPCL’s E20 network expands to 4,279 fuel stations
Ethanol boost: BPCL’s E20 network expands to 4,279 fuel stations
