ChiniMandi, Mumbai: 21st March 2023
Domestic Market
The market witnessed moderate demand
Ex-mill Sugar Prices as on March, 21 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3200 to 3300 |
₹3330 to 3370 |
|
Karnataka |
₹3350 to 3400 |
₹3380 to 3450 |
|
Uttar Pradesh |
|
₹3425 to 3500 |
|
Gujarat |
₹3281 to 3311 |
₹3341 to 3381 |
|
Tamil Nadu |
₹3330 to 3425 |
₹3375 to 3450 |
|
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, 21 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
India’s long-term low carbon development strategy towards reaching net zero by 2070
India’s long-term low carbon development strategy towards reaching net zero by 2070
Less sugarcane availability reduces sweetness in Maharashtra
Less sugarcane availability reduces sweetness in Maharashtra
Tamil Nadu aims to attract Rs 5k-crore investments through new ethanol blending policy
Tamil Nadu aims to attract Rs 5k-crore investments through new ethanol blending policy
