Daily Sugar Market Update By Vizzie – 29/05/2023

ChiniMandi, Mumbai: 29th May 2023

Domestic Market

Sugar prices quotes steady

Sugar prices remained stable prior to the announcement of the monthly quota. Muzaffarnagar (M grade) sugar prices remained stable in the Rs 3,630-3,640 per quintal range, while Kolhapur (S grade) sugar prices remained stable at Rs 3,400-3,440 per quintal.

To keep prices under control, the June sale quota is expected to be 23.0 lakh tons, 1.0 lakh tons higher than last year.

According to Agrimandi.live, prices will continue to trade steady to firm due to strong demand, with little room for decline. In the near future, prices in the Kolhapur markets are expected to trade near Rs 3,480 per quintal.

Ex-mill Sugar Prices as on May, 29 2023 :

Destination-wise Spot Prices as on May, 29 2023 :

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 82.621 whereas USD was trading with BRL at 4.9943, Crude futures traded at ₹6009, Crude WTI traded at $72.56/barrel. Sensex closed 344.69 points higher at 62846.38 whereas Nifty ended 99.30 points higher at 18598.65

News Round-Up

Our government renovated and revitalized Chhaprauli sugar mill: Chief Minister Yogi Adityanath

Our government renovated and revitalized Chhaprauli sugar mill: Chief Minister Yogi Adityanath

Locust invasion causes huge losses to farmers in Afghanistan’s northern provinces

Locust invasion causes huge losses to farmers in Afghanistan’s northern provinces

World Sugar Market – Weekly Comment – Episode 91

World Sugar Market – Weekly Comment – Episode 91

IMD predicts rains for several North Indian states for next 3-4 hours
chinimandi.com/imd-predicts-rains-for-several-north-indian-states-for-next-3-4-hours/

Sensex ends 345 points higher, Nifty nears 18,600

Sensex ends 345 points higher, Nifty nears 18,600