ChiniMandi, Mumbai: 20th Dec 2024
Domestic Market
Domestic prices continue to trade higher
Following a sharp drop, domestic sugar prices in major markets were reported to be higher by Rs 10-20 per quintal for the second session. Prices have recovered by Rs 10 per quintal in Maharashtra and Karnataka while reported higher by Rs 15-20 per quintal in Uttar Pradesh and Delhi markets. As per the sources, good demand ahead of Christmas and New Year is supporting the prices.
S-grade sugar in Kolhapur costs Rs 3,320-3,370 per quintal, whereas M-grade sugar in Muzaffarnagar costs Rs 3,700-3,730. Agrimandi.live predicts that the price of Kolhapur S-grade sugar will fall between Rs 3,260 and Rs 3,380 per quintal in the near future.
Ex-mill Sugar Prices as on Dec, 20 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3350 to 3390 |
₹3430 to 3460 |
|
South Karnataka |
₹3515 to 3525 |
₹3565 to 3575 |
|
Uttar Pradesh |
|
₹3700 to 3740 |
|
Gujarat |
₹3411 to 3461 |
₹3481 to 3511 |
|
Tamil Nadu |
₹3630 to 3725 |
₹3690 to 3775 |
|
Madhya Pradesh |
₹3720 to 3740 |
₹3770 to 3840 |
|
Punjab |
₹3710 to 3861 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 20 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,937.50 |
|
Kanpur |
M/30 |
₹3,900.75 |
|
Kolhapur |
M/30 |
₹3,612.00 |
|
Kolkata |
M/30 |
₹3,948.00 |
|
Muzaffarnagar |
M/30 |
₹3,895.50 |
|
Ahmedabad |
M/30 |
₹3,759.00 |
|
Bangaluru |
M/30 |
₹3,811.50 |
|
Chennai |
M/30 |
₹3,927.00 |
At the time of writing this update London White Sugar #5 front month contract is trading at $490.00 ton, whereas the New York Sugar #11 front month contract is trading at 19.39 c/lb. The corn futures market trades at 430-0 and the ethanol Chicago trades at 1.62655s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.025 whereas USD was trading with BRL at 6.1835, Crude WTI traded at $68.70 barrel. Sensex closed 1,176.46 points down at 78,041.59 whereas Nifty closed 364.20 points lower at 23,587.50
News Round-Up
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