ChiniMandi, Mumbai: 27th May 2024
Domestic Market
Steady to weak sentiment witnessed in Domestic sugar prices
Domestic sugar prices in major markets were reported to be mixed, with Muzaffarnagar falling while Kolhapur remained stable. In Muzaffarnagar, prices fell by Rs 10 per quintal. Stock liquidation, with the next month’s quota set to be announced early next week, is weighing on prices. The allocation for the month of June is expected to be around 25.0 lakh tons, up 1.5 lakh tons from the same period last year.
In Muzaffarnagar, M-grade sugar costs between Rs 3,880 and Rs 3,900 per quintal, while S-grade sugar costs between Rs 3,580 and Rs 3,620 per quintal in Kolhapur. Agrimandi expects the price of S grade sugar in the Kolhapur market to fall in the next two weeks to between Rs 3,540 and Rs 3,660 per quintal.
Ex-mill Sugar Prices as on May, 27 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3600 to 3630 |
₹3680 to 3710 |
|
Karnataka |
₹3800 to 3900 |
– |
|
Uttar Pradesh |
|
₹3880 to 3900 |
|
Gujarat |
₹3631 to 3651 |
₹3741 to 3761 |
|
Tamil Nadu |
₹3825 to 3950 |
₹3910 |
|
Madhya Pradesh |
₹3750 to 3800 |
₹3790 to 3840 |
|
Punjab |
₹4000 to 4080 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 27 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,126.50 |
|
Kanpur |
M/30 |
₹4,084.50 |
|
Kolhapur |
M/30 |
₹3,895.50 |
|
Kolkata |
M/30 |
₹4,147.50 |
|
Muzaffarnagar |
M/30 |
₹4,084.50 |
The rupee traded against the US dollar at 83.132 whereas USD was trading with BRL at 5.1686, Crude futures traded at ₹6511, Crude WTI traded at $78.23 barrel. Sensex closed 19.89 points lower at 75390.50 whereas Nifty closed 24.65 points lower at 22932.45
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