ChiniMandi, Mumbai: 19th April 2023
Domestic Market
In the Domestic sugar market there was not much movement. According to traders, “There was no demand”. Prices were down by Rs.10 to 15/quintal.
Ex-mill Sugar Prices as on April, 19 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3430 to 3440 |
₹3530 to 3550 |
|
Karnataka |
₹3550 to 3575 |
₹3600 to 3625 |
|
Uttar Pradesh |
|
₹3615 to 3680 |
|
Gujarat |
₹3501 to 3541 |
₹3571 to 3611 |
|
Tamil Nadu |
₹3550 to 3620 |
₹3625 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, 19 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,958.50 |
|
Kanpur |
M/30 |
₹3,906.00 |
|
Kolhapur |
M/30 |
₹3,722.25 |
|
Kolkata |
M/30 |
₹4,116.00 |
|
Muzaffarnagar |
M/30 |
₹3,874.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $686.40/ton, whereas the New York Sugar #11 front month contract is trading at 24.81 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.250 whereas USD was trading with BRL at 4.9886, Crude futures traded at ₹6513, Crude WTI traded at $79.39/barrel. Sensex closed 159.21 points lower at 59567.80 whereas Nifty ended 41.40 points lower at 17618.75
News Round-Up
NSI gets success in producing ‘Super Sugar’
Brazil: Ethanol production increases by around 5 per cent
Season 2022-23: Nanded region produces 103.82 lakh quintal sugar
Season 2022-23: Nanded region produces 103.82 lakh quintal sugar
Adani Green turns ‘water-positive’ for plants with operating capacity of over 200 MW, says agency DNV
AUS research team to design thermal energy storage systems for sustainable future
AUS research team to design thermal energy storage systems for sustainable future
UP on its way to become first state to have 100 pc electric vehicles in govt departments
UP on its way to become first state to have 100 pc electric vehicles in govt departments
