ChiniMandi, Mumbai: 20th March 2023
Domestic Market
The market witnessed moderate demand.
Ex-mill Sugar Prices as on March, 20 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3200 to 3300 |
₹3330 to 3370 |
|
Karnataka |
₹3375 to 3400 |
₹3425 to 3450 |
|
Uttar Pradesh |
|
₹3425 to 3500 |
|
Gujarat |
₹3281 to 3311 |
₹3341 to 3381 |
|
Tamil Nadu |
₹3340 to 3425 |
₹3440 to 3475 |
|
Madhya Pradesh |
₹3330 to 3350 |
₹3380 to 3400 |
|
Punjab |
₹3440 to 3511 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 20 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3600 |
|
Kanpur |
M/30 |
₹3700 |
|
Kolhapur |
M/30 |
₹3505 |
|
Kolkata |
M/30 |
₹3810 |
|
Muzaffarnagar |
M/30 |
₹3600 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $580.40/ton, whereas the New York Sugar #11 front month contract is trading at 20.46 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.593 whereas USD was trading with BRL at 5.2707, Crude futures traded at ₹5446, Crude WTI traded at $66.16/barrel. Sensex closed 360.95 points lower at 57,628.95 whereas Nifty ended 111.65 points lower at 16,988.40.
News Round UP:
Less sugarcane availability reduces sweetness in Maharashtra
Tamil Nadu aims to attract Rs 5k-crore investments through new ethanol blending policy
Central govt determined to double farmers’ income: Amit Shah in Gujarat
Bangladesh govt asks millers to reduce sugar prices by Tk 5 per kg
Afghanistan seeks UN support for wheat storage amid concerns of drought
Farmer delegation meets Union Minister Tomar, hands over memorandum
