ChiniMandi, Mumbai: 30th Dec 2024
Domestic Market
Steady sentiment witnessed in Domestic prices
Sugar prices in major markets reported stable on a dull trading activity. Trade was reported dull due to new year and amavasya and expected to remain duller till the completion of new year.
S-grade sugar in Kolhapur traded in the range of Rs 3,370-3,400 per quintal, whereas M-grade sugar in Muzaffarnagar costs Rs 3,780-3,840. Agrimandi.live predicts that the price of Kolhapur S-grade sugar will fall between Rs 3,260 and Rs 3,400 per quintal in the near future.
Ex-mill Sugar Prices as on Dec, 30 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3370 to 3410 |
₹3450 to 3480 |
|
South Karnataka |
₹3550 to 3625 |
₹3595 to 3675 |
|
Uttar Pradesh |
|
₹3790 to 3840 |
|
Gujarat |
Old: ₹3405 to 3501 New: ₹3501 to 3541 |
Old: ₹3490 to 3581 New: ₹3601 to 3641 |
|
Tamil Nadu |
₹3675 to 3840 |
₹3735 to 3825 |
|
Madhya Pradesh |
₹3560 to 3590 |
₹3630 to 3680 |
|
Punjab |
₹3850 to 3900 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 30 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,032.00 |
|
Kanpur |
M/30 |
₹4,000.50 |
|
Kolhapur |
M/30 |
₹3,664.50 |
|
Kolkata |
M/30 |
₹4,042.50 |
|
Muzaffarnagar |
M/30 |
₹3,995.25 |
|
Ahmedabad |
M/30 |
₹3,822.00 |
|
Bangaluru |
M/30 |
₹3,874.50 |
|
Chennai |
M/30 |
₹4,000.50 |
At the time of writing this update London White Sugar #5 front month contract is trading at $491.60 ton, whereas the New York Sugar #11 front month contract is trading at 19.49 c/lb. The corn futures market trades at 430-0 and the ethanol Chicago trades at 1.62655s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.505 whereas USD was trading with BRL at 6.1985, Crude WTI traded at $70.94 barrel. Sensex closed 450.94 points down at 78,248.13 whereas Nifty closed 168.50 points lower at 23,644.90
News Round-Up
SEDL joins forces with Jakson Green on India’s first 4G ethanol plant
SEDL joins forces with Jakson Green on India’s first 4G ethanol plant
Uttar Pradesh: Sugar mill’s lands to be auctioned to settle pending arrears of sugarcane farmers
Uttar Pradesh: Sugar mill’s lands to be auctioned to settle pending arrears of sugarcane farmers
India’s increasing oil demand attracting global players: S&P Global Commodity Insights
India’s increasing oil demand attracting global players: S&P Global Commodity Insights
