ChiniMandi, Mumbai: 5th Nov 2024
Domestic Market
Domestic sugar prices remained stable.
Sugar prices in Uttar Pradesh and Maharashtra’s main markets remained stable. Demand is said to be dull, with buyers remaining hand-to-mouth as crushing activity begins. Cruising has begun in Uttar Pradesh, and it is expected to begin in Karnataka by mid-November and in Maharashtra by the third week of the month. State assembly elections in Maharashtra are likely to delay the crushing.
M-grade sugar in Muzaffarnagar costs Rs 3,880-3,930 per quintal, while S-grade sugar in Kolhapur costs Rs 3,510-3,580. Agrimandi.live expects Kolhapur S-grade sugar prices to rise to Rs 3,500-3,620 per quintal in the coming days.
Ex-mill Sugar Prices as on Nov, 05 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 |
₹3581 to 3621 |
₹3641 to 3741 |
|
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, 05 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 $553.00 ton, whereas the New York Sugar #11 front month contract is trading at 21.72 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.115 whereas USD was trading with BRL at 5.7830, Crude futures traded at ₹6052, Crude WTI traded at $71.90 barrel. Sensex closed 694.39 points higher at 79476.63 whereas Nifty closed 217.95 points higher at 24213.30
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