ChiniMandi, Mumbai: 4th Oct 2024
Domestic Market
Domestic sugar prices were stable
After a slight increase, domestic sugar prices were reported to be stable across markets. Sellers remained inactive in anticipation of price increases before the holiday season. Demand is described as average and need-based.
M-grade sugar in Muzaffarnagar ranges from Rs 3,930 to Rs 3,980 per quintal, while S-grade sugar in Kolhapur costs between Rs 3,590 and Rs 3,660. Agrimandi.live forecasts 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, 4 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3580 to 3620 |
₹3660 to 3700 |
|
South Karnataka |
₹3750 to 3825 |
₹3760 to 3875 |
|
Uttar Pradesh |
|
₹3930 to 3990 |
|
Gujarat |
₹3651 to 3701 |
₹3740 to 3821 |
|
Tamil Nadu |
₹3875 to 4000 |
₹3975 to 4100 |
|
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, 4 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,210.50 |
|
Kanpur |
M/30 |
₹4,168.50 |
|
Kolhapur |
M/30 |
₹3,906.00 |
|
Kolkata |
M/30 |
₹4,252.50 |
|
Muzaffarnagar |
M/30 |
₹4,163.25 |
|
Ahmedabad |
M/30 |
₹4,053.00 |
|
Banglore |
M/30 |
₹4,095.00 |
|
Chennai |
M/30 |
₹4,210.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $585.20 ton, whereas the New York Sugar #11 front month contract is trading at 23.23 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.989 whereas USD was trading with BRL at 5.4779, Crude futures traded at ₹6301, Crude WTI traded at $74.82 barrel. Sensex closed 808.65 points lower at 81688.45 whereas Nifty closed 200.25 points lower at 25049.85
News Round-Up
“Will make food producers self-reliant, strengthen food security,” PM Modi after Cabinet nod for two agri schemes with Rs 1 lakh crore outlay
Jamaica to be new member of Global Biofuels Alliance
FAO Sugar Price Index registers 10.4 percent increase in September
FAO Sugar Price Index registers 10.4 percent increase in September
