ChiniMandi, Mumbai: 1st Aug 2024
Domestic Market
Sugar prices were stable in domestic markets.
Major markets’ domestic sugar prices were said to be steady. Demand is said to be average at higher price points. Over the past week, prices in Uttar Pradesh and Maharashtra have increased by Rs 150โ180 and Rs 100โ120 per quintal, respectively, as a result of lower monthly quotas.
In Kolhapur, the price range for S-grade sugar was Rs 3,670 to 3,710 per quintal, while in Muzaffarnagar, the price range for M-grade sugar was Rs 3,970 to 4,020. Agrimandi forecasts that the price of S grade sugar in the Kolhapur market will be between Rs 3,600 and Rs 3,750 per quintal during the next two weeks.
Ex-mill Sugar Prices as onย ย Aug, 01 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3640 to 3680 |
โน3720 to 3760 |
|
Karnataka |
โน3875 |
– |
|
Uttar Pradesh |
|
โน3970 to 4020 |
|
Gujarat |
โน3675 to 3706 |
โน3775 to 3806 |
|
Tamil Nadu |
โน3900 to 3925 |
โน4025 |
|
Madhya Pradesh |
โน3670 to 3685 |
โน3745 to 3785 |
|
Punjab |
โน3840 to 3920 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as onย ย Aug, 01 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
โน4,242.00 |
|
Kanpur |
M/30 |
โน4,189.50 |
|
Kolhapur |
M/30 |
โน3,948.00 |
|
Kolkata |
M/30 |
โน4,284.00 |
|
Muzaffarnagar |
M/30 |
โน4,189.50 |
|
Ahmedabad |
M/30 |
โน4,063.50 |
|
Banglore |
M/30 |
โน4,084.50 |
|
Chennai |
M/30 |
โน4,221.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $537.70 ton, whereas the New York Sugar #11 front month contract is trading at 19.15 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.741 whereas USD was trading with BRL at 5.6580, Crude futures traded at โน6573, Crude WTI traded at $78.45 barrel. Sensex closed 126.21 points higher at 81867.55 whereas Nifty closed 52.85 points higher at 25004.00
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