ChiniMandi, Mumbai: 25th Nov 2024
Domestic Market
Domestic sugar prices continued to show signs of weakness.
Domestic sugar prices in the major markets are showing signs of weakness. Trading activity was reported to be slow, and demand was said to be low, with buyers preferring low rates.
S-grade sugar in Kolhapur costs Rs 3,390-3,460 per quintal, while M-grade sugar in Muzaffarnagar costs Rs 3,700-3,770. According to Agrimandi.live, Kolhapur S-grade sugar will cost between Rs 3,370 and Rs 3,480 per quintal in the near future.
Ex-mill Sugar Prices as on Nov, 25 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3400 to 3460 |
₹3500 to 3540 |
|
South Karnataka |
₹3530 to 3610 |
₹3620 to 3650 |
|
Uttar Pradesh |
|
₹3720 to 3770 |
|
Gujarat |
₹3515 to 3541 |
₹3551 to 3631 |
|
Tamil Nadu |
₹3675 to 3825 |
₹3735 to 3925 |
|
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, 25 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,990.00 |
|
Kanpur |
M/30 |
₹3,948.00 |
|
Kolhapur |
M/30 |
₹3,696.00 |
|
Kolkata |
M/30 |
₹4,000.50 |
|
Muzaffarnagar |
M/30 |
₹3,948.00 |
|
Ahmedabad |
M/30 |
₹3,853.50 |
|
Banglore |
M/30 |
₹3,906.00 |
|
Chennai |
M/30 |
₹4,021.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $551.80 ton, whereas the New York Sugar #11 front month contract is trading at 21.29 c/lb. The corn futures market trades at 424-0 and the ethanol Chicago trades at 1.62000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.297 whereas USD was trading with BRL at 5.7965, Crude WTI traded at $71.08 barrel. Sensex closed 992.74 points up at 80,109.85 whereas Nifty closed 314.65 points upper at 24,221.90
News Round-Up
Maharashtra’s sugar mills clear 99.92 percent cane dues in season 2023-24
Maharashtra’s sugar mills clear 99.92 per cent cane dues in season 2023-24
Maldives: No disruptions in sugar supply, assures State Trading Organization
Maldives: No disruptions in sugar supply, assures State Trading Organization
