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
In last 10 years, sugar mills earned revenue of more than Rs 1 lakh crores from ethanol sales
In last 10 years, sugar mills earned revenue of more than Rs 1 lakh crores from ethanol sales
India’s ethanol production capacity reaches 1,685 crore liters
India’s ethanol production capacity reaches 1,685 crore liters
Sweet Sorghum identified as potential feedstock for ethanol production, says Minister
Sweet Sorghum identified as potential feedstock for ethanol production, says Minister
