ChiniMandi, Mumbai: 15th Oct 2024
Domestic Market
Weak sentiment witnessed in domestic sugar prices
Domestic sugar prices exhibited weakness across markets, with a decline of Rs 10 per quintal reported.Demand is reported to be weak, with purchasers favoring a hand-to-mouth approach. Crushing in North Karnataka is expected to be postponed due to current rainfall activity.
The price of M-grade sugar in Muzaffarnagar is between Rs 3,880 and Rs 3,930 per quintal, whereas S-grade sugar in Kolhapur is priced between Rs 3,560 and Rs 3,630. Agrimandi.live forecasts that S-grade sugar prices in Kolhapur will fluctuate between Rs 3,500 and Rs 3,650 per quintal shortly.
Ex-mill Sugar Prices as on Oct, 15 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3560 to 3600 |
₹3640 to 3680 |
|
South Karnataka |
₹3680 to 3775 |
₹3700 to 3825 |
|
Uttar Pradesh |
|
₹3880 to 3930 |
|
Gujarat |
₹3621 to 3671 |
₹3695 to 3795 |
|
Tamil Nadu |
₹3825 to 3950 |
₹3925 to 4050 |
|
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, 15 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,158.00 |
|
Kanpur |
M/30 |
₹4,116.00 |
|
Kolhapur |
M/30 |
₹3,874.50 |
|
Kolkata |
M/30 |
₹4,200.00 |
|
Muzaffarnagar |
M/30 |
₹4,116.00 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
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 $573.90 ton, whereas the New York Sugar #11 front month contract is trading at 22.36 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.040 whereas USD was trading with BRL at 5.6200, Crude futures traded at ₹5943, Crude WTI traded at $70.58 barrel. Sensex closed 152.93 points lower at 81820.12 whereas Nifty closed 70.60 points lower at 25057.35
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