ChiniMandi, Mumbai: 10th May 2024
Domestic Market
Domestic sugar prices traded stable
Domestic sugar prices in the major markets remained stable amid a lackluster trading activity. At higher prices, demand is said to be dull, and buying activity is said to be low.
In Muzaffarnagar, M-grade sugar costs between Rs 3,910 and Rs 3,930 per quintal, whereas S-grade sugar costs between Rs 3,590 and Rs 3,620. Agrimandi predicts that the price of S grade sugar in the Kolhapur market will fall to between Rs 3,520 and Rs 3,660 per quintal within the next two weeks.
Ex-mill Sugar Prices as on May, 10 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3600 to 3650 |
₹3680 to 3730 |
|
Karnataka |
₹3900 |
– |
|
Uttar Pradesh |
|
₹3910 to 3930 |
|
Gujarat |
₹3641 to 3661 |
₹3745 to 3781 |
|
Tamil Nadu |
₹3875 to 4000 |
₹3940 to 4050 |
|
Madhya Pradesh |
₹3750 to 3800 |
₹3790 to 3840 |
|
Punjab |
₹4000 to 4080 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 10 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,158.00 |
|
Kanpur |
M/30 |
₹4,116.00 |
|
Kolhapur |
M/30 |
₹3,895.50 |
|
Kolkata |
M/30 |
₹4,179.00 |
|
Muzaffarnagar |
M/30 |
₹4,116.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $572.20 ton, whereas the New York Sugar #11 front month contract is trading at 19.52 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.516 whereas USD was trading with BRL at 5.1438, Crude futures traded at ₹6667, Crude WTI traded at $79.77 barrel. Sensex closed 260.30 points higher at 72664.47 whereas Nifty closed 97.70 points higher at 22055.20.
