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 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3385 to 3395 |
₹3485 to 3495 |
|
Karnataka |
₹3550 to 3575 |
₹3625 |
|
Uttar Pradesh |
|
₹3595 to 3705 |
|
Gujarat |
₹3501 to 3551 |
₹3581 to 3621 |
|
Tamil Nadu |
₹3535 to 3625 |
– |
|
Madhya Pradesh |
₹3545 to 3585 |
₹3600 to 3655 |
|
Punjab |
₹3660 to 3701 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 29 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,885.00 |
|
Kanpur |
M/30 |
₹3,832.50 |
|
Kolhapur |
M/30 |
₹3,701.25 |
|
Kolkata |
M/30 |
₹3,969.00 |
|
Muzaffarnagar |
M/30 |
₹3,816.75 |
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
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
