ChiniMandi, Mumbai: 1st October, 2024
Domestic Market
Domestic sugar prices were reported higher
Domestic sugar prices were reported to be higher by Rs 10 per quintal across the markets. Demand is said to be average but sellers are inactive on anticipation of price rally before festive.
M-grade sugar in Muzaffarnagar ranges from Rs 3,920 to Rs 3,970 per quintal, while S-grade sugar in Kolhapur costs between Rs 3,584 and Rs 3,650. Agrimandi.live predicts that S-grade sugar prices in Kolhapur will fall between Rs 3,500 and Rs 3,650 per quintal in the coming days.
Ex-mill Sugar Prices as on Oct, 01 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3590 to 3640 |
₹3660 to 3700 |
|
South Karnataka |
₹3740 to 3800 |
₹3765 to 3850 |
|
Uttar Pradesh |
|
₹3910 to 3980 |
|
Gujarat |
₹3650 to 3690 |
₹3735 to 3800 |
|
Tamil Nadu |
₹3850 to 3920 |
₹3950 |
|
Madhya Pradesh |
₹3700 to 3720 |
₹3750 to 3820 |
|
Punjab |
₹3950 to 4040 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Oct, 01 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,200.00 |
|
Kanpur |
M/30 |
₹4,158.00 |
|
Kolhapur |
M/30 |
₹3,895.50 |
|
Kolkata |
M/30 |
₹4,242.00 |
|
Muzaffarnagar |
M/30 |
₹4,152.75 |
|
Ahmedabad |
M/30 |
₹4,042.50 |
|
Banglore |
M/30 |
₹4,084.50 |
|
Chennai |
M/30 |
₹4,200.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $573.90 ton, whereas the New York Sugar #11 front month contract is trading at 22.51 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.812 whereas USD was trading with BRL at 5.4331, Crude WTI traded at $68.17 barrel. Sensex closed 33.49 points lower at 84,266.29 whereas Nifty closed 13.95 points lower at 25,796.90.
