ChiniMandi, Mumbai: 6th April 2023
Domestic Market
The market witnessed moderate demand. Prices have been stable in major markets.
Ex-mill Sugar Prices as on April, 6 2023 :
| State | S/30
[Rates per Quintal] |
M/30
[Rates per Quintal] |
| Maharashtra | ₹3330 to 3360 | ₹3410 to 3450 |
| Karnataka | ₹3420 to 3500 | ₹3550 |
| Uttar Pradesh | ₹3590 to 3660 | |
| Gujarat | ₹3391 to 3451 | ₹3461 to 3501 |
| Tamil Nadu | ₹3470 to 3525 | ₹3550 to 3575 |
| Madhya Pradesh | ₹3540 | ₹3590 |
| Punjab | ₹3725 to 3751 | |
| (All the above rates are excluding GST) | ||
Destination-wise Spot Prices as on April, 6 2023 :
| City | Grade | Rate |
| Delhi | M/30 | ₹3,885.00 |
| Kanpur | M/30 | ₹3,832.50 |
| Kolhapur | M/30 | ₹3,654.00 |
| Kolkata | M/30 | ₹4,042.50 |
| Muzaffarnagar | M/30 | ₹3,801.00 |
International Market
Sugar prices rallied on strengthened crude prices and tighter global supplies. At the time of writing this update London White Sugar #5 front month contract is trading at $660.40/ton, whereas the New York Sugar #11 front month contract is trading at 23.17 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 81.882 whereas USD was trading with BRL at 5.0440, Crude futures traded at ₹6594, Crude WTI traded at $80.81/barrel. Sensex closed 143.66 points higher at 59832.97 whereas Nifty ended 42.10 points higher at 17599.15.
News Round-Up
Ukraine: Sugar producer Astarta starts sowing beet for 2023 season
Ukraine: Sugar producer Astarta starts sowing beet for 2023 season
Pakistan: No shortage of sugar in the country, says Minister Naveed Qamar
Pakistan: No shortage of sugar in the country, says Minister Naveed Qamar
Sugarcane crushing at Oswal sugar mill ends
RBI decides to keep repo rate unchanged at 6.5 per cent
Sensex opens with losses; investors wait for RBI’s rate hike decision
Sensex opens with losses; investors wait for RBI’s rate hike decision
India reports 5,335 coronavirus cases, highest single-day rise in past 6 months: Govt
India reports 5,335 coronavirus cases, highest single-day rise in past 6 months: Govt
