ChiniMandi, Mumbai: 5th July 2023
Domestic Market
Sugar prices were reported to be stable
Sugar prices in domestic markets were quoted stable after a two-session rise. S grades in Kolhapur were trading between Rs 3,500 and Rs 3,540, while M grades in Muzaffarnagar were trading between Rs 3,650 and Rs 3,680.
S grade prices in Kolhapur markets are expected to be in the Rs 3,400-3,550 per quintal range, according to Agrimandi.live.
Ex-mill Sugar Prices as on July, 05 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3480 to 3490 |
₹3580 to 3590 |
|
Karnataka |
₹3600 to 3650 |
– |
|
Uttar Pradesh |
|
₹3630 to 3725 |
|
Gujarat |
₹3521 to 3541 |
₹3611 to 3621 |
|
Tamil Nadu |
₹3615 to 3700 |
₹3700 to 3750 |
|
Madhya Pradesh |
₹3680 to 3700 |
₹3740 to 3765 |
|
Punjab |
₹3700 to 3751 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 05 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3916.50 |
|
Kanpur |
M/30 |
₹3853.50 |
|
Kolhapur |
M/30 |
₹3822.00 |
|
Kolkata |
M/30 |
₹4021.50 |
|
Muzaffarnagar |
M/30 |
₹3853.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $651.00 ton, whereas the New York Sugar #11 front month contract is trading at 23.40 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.278 whereas USD was trading with BRL at 4.8413, Crude futures traded at ₹5863, Crude WTI traded at $71.14 barrel. Sensex closed 33.01 points lower at 65446.04 whereas Nifty ended 9.50 points higher at 19398.50
News Round-Up
Ethanol boost: “Petrol to be sold for Rs 15 per litre if…” Nitin Gadkari suggests innovative idea for fuel economy
Punjab Government transfers assets and manpower of Kalanaur Sugar Research Institute to Punjab Agricultural University
Bihar: Cabinet approves Biofuels Production Promotion Policy
Bihar: Cabinet approves Biofuels Production Promotion Policy
Heavy rains continue in Kerala, 3 districts put under Red Alert
Heavy rains continue in Kerala, 3 districts put under Red Alert
Sensex, Nifty end flat amid volatility
