ChiniMandi, Mumbai: 27th March 2023
Domestic Market
The market witnessed moderate demand
Ex-mill Sugar Prices as on March, 27 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3200 to 3250 |
₹3330 to 3370 |
|
Karnataka |
₹3350 to 3400 |
₹3380 to 3450 |
|
Uttar Pradesh |
|
₹3430 to 3500 |
|
Gujarat |
₹3251 to 3311 |
₹3321 to 3381 |
|
Tamil Nadu |
₹3285 to 3425 |
₹3350 to 3450 |
|
Madhya Pradesh |
₹3345 to 3385 |
₹3415 to 3455 |
|
Punjab |
₹3440 to 3511 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 27 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3595 |
|
Kanpur |
M/30 |
₹3695 |
|
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 $606.40/ton, whereas the New York Sugar #11 front month contract is trading at 21.04 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.300 whereas USD was trading with BRL at 5.2293, Crude futures traded at ₹5837, Crude WTI traded at $70.69/barrel. Sensex closed 126.76 points higher at 57,653.86 whereas Nifty ended 40.65 points higher at 16,985.70.
News Round-Up
USGC signs ethanol MOU during regional seminar in Panama
Indonesia to import 215,000 tons of sugar
Operations at sugar mills affected due to untimely rain
