ChiniMandi, Mumbai: 25th July 2023
Domestic Market
Sugar prices reported stable to positive
Domestic sugar prices in major markets were reported to be stable to positive. Demand is reportedly low in Maharashtra due to heavy rainfall, but it has increased in Uttar Pradesh after remaining quiet for 5-6 sessions. Excess rainfall has reportedly slowed trading activity in Maharashtra. Prices in Muzaffarnagar and Delhi are said to be Rs 10-20 per quintal higher. S-grade in Kolhapur costs between Rs 3,470 and Rs 3,510, while M-grade in Uttar Pradesh costs between Rs 3,630 and Rs 3,680.
According to AgriMandi.live, the price of S grade is expected to trade in the Kolhapur markets between Rs 3,440 and Rs 3,550 per quintal in the near future.
Ex-mill Sugar Prices as on July, 25 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3465 to 3500 |
₹3565 to 3600 |
|
Karnataka |
₹3535 to 3600 |
– |
|
Uttar Pradesh |
|
₹3600 to 3710 |
|
Gujarat |
₹3531 to 3551 |
₹3631 to 3651 |
|
Tamil Nadu |
₹3570 to 3700 |
₹3670 to 3750 |
|
Madhya Pradesh |
₹3650 to 3670 |
₹3700 to 3740 |
|
Punjab |
₹3750 to 3786 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 25 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,916.50 |
|
Kanpur |
M/30 |
₹3,853.50 |
|
Kolhapur |
M/30 |
₹3,780.00 |
|
Kolkata |
M/30 |
₹3,990.00 |
|
Muzaffarnagar |
M/30 |
₹3,853.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $697.00 ton, whereas the New York Sugar #11 front month contract is trading at 24.80 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 81.890 whereas USD was trading with BRL at 4.7271, Crude futures traded at ₹6459, Crude WTI traded at $78.84 barrel. Sensex closed 29.07 points lower at 66355.71 whereas Nifty ended 8.25 points higher at 19680.60
News Round-Up
Freight Train carrying essential commodities including sugar reaches Manipur
Freight Train carrying essential commodities including sugar reaches Manipur
Rs 119.90 crore released to 36 projects in Karnataka under interest subvention scheme of DFPD: Minister
Bihar: 47 ethanol projects approved under various ethanol interest subvention scheme till April 2022
Bihar: 47 ethanol projects approved under various ethanol interest subvention scheme till April 2022
Severe drought, harsh winter impacted Afghan farmers: FAO
https://www.chinimandi.com/severe-drought-harsh-winter-impacted-afghan-farmers-fao-2/
Sensex, Nifty end flat amid volatility
