ChiniMandi, Mumbai: 01st Jan 2025
Domestic Market
Domestic prices inched higher
Sugar prices in major markets were reported to be higher by Rs 10-20 per quintal across the major markets. Maharashtra and Karnataka witnessed a gain of Rs 20 per quintal, while Uttar Pradesh mills reported an upward of Rs 10 per quintal. After a sharp drop, prices are recovering.
S-grade sugar in Kolhapur traded in the range of Rs 3,380–3,420 per quintal, whereas M-grade sugar in Muzaffarnagar costs Rs 3,790-3,850. Agrimandi.live predicts that the price of Kolhapur S-grade sugar will fall between Rs 3,300 and Rs 3,440 per quintal in the near future.
Ex-mill Sugar Prices as on Jan, 01 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3450 to 3470 |
₹3540 to 3570 |
|
South Karnataka |
₹3550 to 3625 |
₹3675 |
|
Uttar Pradesh |
|
₹3790 to 3850 |
|
Gujarat |
₹3521 to 3561 |
₹3541 to 3621 |
|
Tamil Nadu |
₹3730 to 3800 |
₹3875 |
|
Madhya Pradesh |
₹3600 to 3650 |
₹3670 to 3750 |
|
Punjab |
₹3860 to 3910 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 01 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,042.50 |
|
Kanpur |
M/30 |
₹4,011.00 |
|
Kolhapur |
M/30 |
₹3,685.50 |
|
Kolkata |
M/30 |
₹4,063.50 |
|
Muzaffarnagar |
M/30 |
₹4,005.75 |
|
Ahmedabad |
M/30 |
₹3,843.00 |
|
Bangaluru |
M/30 |
₹3,895.50 |
|
Chennai |
M/30 |
₹4,021.50 |
At the time of writing this update London White Sugar #5 front month contract is trading at $489.30 ton, whereas the New York Sugar #11 front month contract is trading at 19.26 c/lb. The corn futures market trades at 430-0 and the ethanol Chicago trades at 1.62655s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.787 whereas USD was trading with BRL at 6.1917, Crude WTI traded at $71.72 barrel. Sensex closed 368.40 points up at 78,507.41 whereas Nifty closed 98.10 points higher at 23,742.90
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