ChiniMandi, Mumbai: 19th July 2023
Domestic Market
Sugar prices continue to be stable
Domestic sugar prices were reported to be steady for the second day in the major markets. Heavy rainfall activity over Maharashtra have impacted the trading activity to some extent
In Kolhapur, S grades ranged from Rs 3,480 to Rs 3,520, while M grades in Muzaffarnagar cost between Rs 3,630 and Rs 3,670.
Agrimandi.live estimates that the price for S grade in the Kolhapur markets will range between Rs 3,440 and Rs 3,550 per quintal.
Ex-mill Sugar Prices as on July, 19 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3460 to 3500 |
₹3560 to 3600 |
|
Karnataka |
₹3550 to 3600 |
– |
|
Uttar Pradesh |
|
₹3615 to 3715 |
|
Gujarat |
₹3521 to 3541 |
₹3621 to 3641 |
|
Tamil Nadu |
₹3575 to 3700 |
₹3680 to 3750 |
|
Madhya Pradesh |
₹3660 to 3675 |
₹3730 to 3745 |
|
Punjab |
₹3730 to 3801 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 19 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3906.00 |
|
Kanpur |
M/30 |
₹3843.00 |
|
Kolhapur |
M/30 |
₹3790.50 |
|
Kolkata |
M/30 |
₹3990.00 |
|
Muzaffarnagar |
M/30 |
₹3843.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $668.40 ton, whereas the New York Sugar #11 front month contract is trading at 23.87 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.097 whereas USD was trading with BRL at 4.8110, Crude futures traded at ₹6253, Crude WTI traded at $75.78 barrel. Sensex closed 302.30 points higher at 67097.44 whereas Nifty ended 83.90 points higher at 19833.15
News Round-Up
Karnataka: Sugarcane farmers agitate for pending cane dues
Sugar millers asked to clear cane dues on priority basis
Goa: Uncertainity continues over plan to set up ethanol plant
Goa: Uncertainity continues over plan to set up ethanol plant
Centre further slashes retail tomato prices; to be now sold at Rs 70/kg
Centre further slashes retail tomato prices; to be now sold at Rs 70/kg
Sensex ends 302 points higher, Nifty above 19,800
