ChiniMandi, Mumbai: 4th Nov 2024
Domestic Market
Domestic sugar prices were stable to higher
Sugar prices in Uttar Pradesh major markets were reported higher by Rs. 10 per quintal while Maharashtra markets remained stable. Demand is said to be dull as buyers remain hand to mouth as crushing activity is started.
M-grade sugar in Muzaffarnagar costs Rs 3,880-Rs 3,930 per quintal, whereas S-grade sugar in Kolhapur costs Rs 3,510-Rs 3,580. Agrimandi.live expects Kolhapur S-grade sugar prices to rise to Rs 3,500-Rs 3,620 per quintal in the coming days.
Ex-mill Sugar Prices as on Nov, 04 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3490 to 3540 |
₹3570 to 3620 |
|
South Karnataka |
₹3640 to 3775 |
₹3660 to 3825 |
|
Uttar Pradesh |
|
₹3880 to 3930 |
|
Gujarat |
– |
– |
|
Tamil Nadu |
₹3760 to 3925 |
₹3820 to 4025 |
|
Madhya Pradesh |
₹3700 to 3720 |
₹3750 to 3820 |
|
Punjab |
₹3950 to 4050 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Nov, 04 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,158.00 |
|
Kanpur |
M/30 |
₹4,126.50 |
|
Kolhapur |
M/30 |
₹3,822.00 |
|
Kolkata |
M/30 |
₹4,179.00 |
|
Muzaffarnagar |
M/30 |
₹4121.25 |
|
Ahmedabad |
M/30 |
₹3,979.50 |
|
Banglore |
M/30 |
₹4,021.50 |
|
Chennai |
M/30 |
₹4,126.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $561.60 ton, whereas the New York Sugar #11 front month contract is trading at 22.08 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.109 whereas USD was trading with BRL at 5.8285, Crude futures traded at ₹6030, Crude WTI traded at $71.63 barrel. Sensex closed 971.32 points lower at 78752.80 whereas Nifty closed 314.70 points lower at 23989.65
News Round-Up
We have great opportunity from the biodiesel sector: Ethanol producer BCL Industries
We have great opportunity from the biodiesel sector: Ethanol producer BCL Industries
Malaysia: Govt to meet sugar producers on cutting subsidies as part of efforts to manage country’s sugar consumption
Government e Marketplace launches 170 Seed Categories on the portal
Government e Marketplace launches 170 Seed Categories on the portal
