ChiniMandi, Mumbai: 25th August 2023
Domestic Market
Domestic prices reported stable to weak
Domestic sugar prices were reported to be low in Kolhapur but stable in other cities. Demand had been strong for the previous two days, but it had slowed since yesterday. Lower rainfall activity over major cane growing regions, combined with lower supply, is supporting spot market prices.
Prices were reported to be between Rs 3,530 and Rs 3,550 per quintal in Kolhapur, and between Rs 3,710 and Rs 3,750 in Muzaffarnagar. According to AgriMandi.live, S grade will be traded in the Kolhapur markets in the near future between Rs 3,500 and Rs 3,580 per quintal.
Ex-mill Sugar Prices as on August, 25 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3545 to 3615 |
โน3645 to 3715 |
|
Karnataka |
โน3590ย to 3650 |
โน3645 to 3700 |
|
Uttar Pradesh |
|
โน3720 to 3790 |
|
Gujarat |
โน3581 to 3601 |
โน3661 to 3681 |
|
Tamil Nadu |
โน3650 to 3800 |
โน3760 to 3850 |
|
Madhya Pradesh |
โน3730 to 3750 |
โน3800 to 3815 |
|
Punjab |
โน3800 to 3941 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on August, 25 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
โน3958.50 |
|
Kanpur |
M/30 |
โน3916.50 |
|
Kolhapur |
M/30 |
โน3853.50 |
|
Kolkata |
M/30 |
โน4074.00 |
|
Muzaffarnagar |
M/30 |
โน3927.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $691.10 ton, whereas the New York Sugar #11 front month contract is trading at 24.27 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.625 whereas USD was trading with BRL at 4.8712, Crude futures traded at โน6620, Crude WTI traded at $80.11 barrel. Sensex closed 365.83 points lower at 64886.51 whereas Nifty ended 120.90 points lower at 19265.80
News Round-Up
Telangana: Amit Shah to address farmers in Khammam rally on August 27
Telangana: Amit Shah to address farmers in Khammam rally on August 27
Raju Shetty demands additional Rs 400 more along with final bills to the cane farmers
Raju Shetty demands additional Rs 400 more along with final bills to the cane farmers
Farmers demand transfer of cane collection centres to other sugar mills
Farmers demand transfer of cane collection centres to other sugar mills
Green energy can generate USD 90-100 bln revenue in Southeast Asia by 2030: Report
Green energy can generate USD 90-100 bln revenue in Southeast Asia by 2030: Report
Sensex ends 366 points lower, Nifty below 19,300
