ChiniMandi, Mumbai: 17th April 2023
Domestic Market
The market is sluggish; with scanty demand prices holding steady.
Ex-mill Sugar Prices as on April, 17 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3430 to 3440 |
₹3530 to 3550 |
|
Karnataka |
₹3520 to 3575 |
₹3600 to 3625 |
|
Uttar Pradesh |
|
₹3640 to 3705 |
|
Gujarat |
₹3501 to 3541 |
₹3571 to 3611 |
|
Tamil Nadu |
₹3550 to 3620 |
₹3620 to 3650 |
|
Madhya Pradesh |
₹3590 to 3665 |
₹3640 to 3735 |
|
Punjab |
₹3775 to 3801 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 17 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,953.25 |
|
Kanpur |
M/30 |
₹3,900.75 |
|
Kolhapur |
M/30 |
₹3,711.75 |
|
Kolkata |
M/30 |
₹4,110.75 |
|
Muzaffarnagar |
M/30 |
₹3,869.25 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $668.00/ton, whereas the New York Sugar #11 front month contract is trading at 24.27 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 81.988 whereas USD was trading with BRL at 4.9078, Crude futures traded at ₹6735, Crude WTI traded at $82.12/barrel. Sensex closed 520.25 points lower at 59910.75 whereas Nifty ended 121.15 points lower at 17706.85
News Round-Up
Kenya: Sugar factories closing operations due to cane shortage
Kenya: Sugar factories closing operations due to cane shortage
PSMA asks millers to sell sugar at subsidized rate
HP governor reviews status of ethanol plant development
1st meeting of India-Central Asia JWG on Chabahar focuses on wheat assistance to Afghanistan
1st meeting of India-Central Asia JWG on Chabahar focuses on wheat assistance to Afghanistan
Nitin Gadkari to chair meeting of transport ministers from States, UTs today
Nitin Gadkari to chair meeting of transport ministers from States, UTs today
