ChiniMandi, Mumbai: 1st March 2023
Government Notification / Industry Update :
On 28th February 2023, Govt. fixed 22 LMT monthly sugar quota for domestic sale in March 2023.
To know more read
https://www.chinimandi.com/govt-fixes-22-lmt-monthly-sugar-quota-for-domestic-sale-in-march-2023/
Domestic Market
The market witnessed moderate demand.
Ex-mill Sugar Prices as on March, 01 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3200 to 3240 |
₹3300 to 3340 |
|
Karnataka |
₹3370 to 3400 |
₹3425 to 3450 |
|
Uttar Pradesh |
|
₹3400 to 3450 |
|
Gujarat |
₹3321 to 3351 |
₹3371 to 3401 |
|
Tamil Nadu |
₹3350 to 3425 |
₹3440 to 3475 |
|
Madhya Pradesh |
₹3370 to 3395 |
₹3425 to 3465 |
|
Punjab |
₹3450 to 3521 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 01 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3605 |
|
Kanpur |
M/30 |
₹3710 |
|
Kolhapur |
M/30 |
₹3490 |
|
Kolkata |
M/30 |
₹3810 |
|
Muzaffarnagar |
M/30 |
₹3610 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $565.50/ton, whereas the New York Sugar #11 front month contract is trading at 20.12 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.461, whereas USD was trading with BRL at 5.2017, Crude futures traded at ₹6334, Crude WTI traded at $76.59/barrel. Sensex closed 448.96 points higher at 59,411.08 whereas Nifty ended 146.95 points higher at 17,450.90
News Round-Up
EID Parry plans to spend Rs 268 crore for distillery expansion
https://www.chinimandi.com/
Bangladesh withdraws import duty on refined and raw sugar
https://www.chinimandi.com/
Global economic growth will continue to slow in 2023: Moody’s
https://www.chinimandi.com/
