ChiniMandi, Mumbai: 17th Sep 2024
Domestic Market
Domestic sugar prices reported steady to higher
Domestic sugar prices were said to be stable to higher for the third session. Kolhapur prices were reported to be stable, while Uttar Pradesh prices were reported to be higher by Rs 10 per quintal. The demand is reported to be average, and crop prospects are reported to be very good.
In Muzaffarnagar, M-grade sugar costs between Rs 3,790 and Rs 3,850 per quintal, while S-grade costs between Rs 3,575 and Rs 3,640 in Kolhapur. Agrimandi predicts that in the upcoming days, the price of S-grade sugar in Kolhapur will drop to between Rs 3,500 and Rs 3,650 per quintal.
Ex-mill Sugar Prices as on Sep, 17 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3570 to 3600 |
₹3650 to 3680 |
|
Karnataka |
₹3720 to 3800 |
₹3750 to 3850 |
|
Uttar Pradesh |
|
₹3790 to 3850 |
|
Gujarat |
₹3600 to 3630 |
₹3680 to 3730 |
|
Tamil Nadu |
₹3825 to 4000 |
₹3950 to 4100 |
|
Madhya Pradesh |
₹3730 to 3770 |
₹3975 |
|
Punjab |
₹4000 to 4060 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Sep, 17 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,063.50 |
|
Kanpur |
M/30 |
₹4,021.50 |
|
Kolhapur |
M/30 |
₹3,874.50 |
|
Kolkata |
M/30 |
₹4126.50 |
|
Muzaffarnagar |
M/30 |
₹4,016.25 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
Banglore |
M/30 |
₹4,042.50 |
|
Chennai |
M/30 |
₹4,168.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $524.10 ton, whereas the New York Sugar #11 front month contract is trading at 19.22 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.758 whereas USD was trading with BRL at 5.5100, Crude futures traded at ₹5852, Crude WTI traded at $68.77 barrel. Sensex closed 90.88 points higher at 83079.66 whereas Nifty closed 34.80 points higher at 25418.55
News Round-Up
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