ChiniMandi, Mumbai: 26th September 2023
Domestic Market
Domestic prices traded stable
Domestic sugar prices were reported as stable following a session-long decline. According to reports, demand is good at resale but is dull at tender rates. Additionally, the first two weeks of October are predicted to be rainy, which could postpone the beginning of crushing operations.
In Kolhapur, quintals of S grade sugar cost between Rs. 3,640 and 3,670, while M grade prices in Muzaffarnagar ranges from Rs. 3,840 to 3,870. According to AgriMandi, the price of S grade sugar in Kolhapur markets will range between Rs 3,620 and Rs 3,700.
Ex-mill Sugar Prices as on September, 26 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3620 to 3650 |
₹3720 to 3750 |
|
Karnataka |
₹3640 to 3700 |
₹3750 |
|
Uttar Pradesh |
|
₹3815 to 3920 |
|
Gujarat |
₹3631 to 3681 |
₹3731 to 3771 |
|
Tamil Nadu |
₹3700 to 3825 |
₹3800 to 3875 |
|
Madhya Pradesh |
₹3770 to 3795 |
₹3830 to 3865 |
|
Punjab |
₹3925 to 4050 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on September, 26 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,095.00 |
|
Kanpur |
M/30 |
₹4,053.00 |
|
Kolhapur |
M/30 |
₹3,948.00 |
|
Kolkata |
M/30 |
₹4,158.00 |
|
Muzaffarnagar |
M/30 |
₹4,063.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $717.80 ton, whereas the New York Sugar #11 front month contract is trading at 26.34 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.289 whereas USD was trading with BRL at 4.9704, Crude futures traded at ₹7420, Crude WTI traded at $88.98 barrel. Sensex closed 78.22 points lower at 65945.47 whereas Nifty ended 9.85 points lower at 19664.70
News Round-Up
NSI Director awarded ‘Technical Excellence Award’ at DSTA annual convention
NSI Director awarded ‘Technical Excellence Award’ at DSTA annual convention
Uttar Pradesh: Farmers decide not to send cane to the Kinouni sugar mill
Uttar Pradesh: Farmers decide not to send cane to the Kinouni sugar mill
Unified Registration Portal for GOBARdhan introduced to streamline registration of CBG and biogas plants nationwide
India permits 75,000 tonne non-basmati white rice exports to UAE
India permits 75,000 tonne non-basmati white rice exports to UAE
Sensex ends 78 points lower, Nifty below 19,700
