ChiniMandi, Mumbai: 31st July 2023
Domestic Market
Steady to firm sentiment in domestic sugar prices
Domestic sugar prices have been stable to positive due to strong demand. Despite the increased quotas, prices were reported to be Rs 10-20 per quintal higher in Maharashtra on lesser supply. Prices in Kolhapur and Kolkata rose by Rs 20 per quintal, while markets in Muzaffarnagar and Delhi remained stable.
In Kolhapur, S-grade costs between Rs 3,480 and Rs 3,520, while M-grade costs between Rs 3,640 and Rs 3,680 in Uttar Pradesh.
According to AgriMandi.live, the price of S grade is expected to trade in the Kolhapur markets in the near future between Rs 3,440 and Rs 3,550 per quintal.
Ex-mill Sugar Prices as on July, 31 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3510 to 3550 |
₹3610 to 3650 |
|
Karnataka |
₹3560 to 3625 |
– |
|
Uttar Pradesh |
|
₹3600 to 3700 |
|
Gujarat |
₹3531 to 3551 |
₹3631 to 3651 |
|
Tamil Nadu |
₹3575 to 3700 |
₹3690 to 3750 |
|
Madhya Pradesh |
₹3690 to 3710 |
₹3740 to 3780 |
|
Punjab |
₹3750 to 3786 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 31 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3906.00 |
|
Kanpur |
M/30 |
₹3843.00 |
|
Kolhapur |
M/30 |
₹3811.50 |
|
Kolkata |
M/30 |
₹4011.00 |
|
Muzaffarnagar |
M/30 |
₹3843.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $681.30 ton, whereas the New York Sugar #11 front month contract is trading at 23.92 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.255 whereas USD was trading with BRL at 4.7250, Crude futures traded at ₹6692, Crude WTI traded at $81.42 barrel. Sensex closed 367.47 points higher at 66527.67 whereas Nifty ended 107.75 points higher at 19753.80
News Round-Up
State-wise monthly sugar quota for sale in August 2023
State government extends scheme for providing grant-in-aid to Sanjivani sugar mill
State government extends scheme for providing grant-in-aid to Sanjivani sugar mill
Haryana sugarcane farmers owe dues worth Rs 266 crore: MP Deepender Hooda
Haryana sugarcane farmers owe dues worth Rs 266 crore: MP Deepender Hooda
Govt is committed to providing energy and food security: Union Minister Bhagwanth Khuba
Govt is committed to providing energy and food security: Union Minister Bhagwanth Khuba
Adani Green’s revenue from power supply rises 55 per cent in Apr-Jun quarter
Adani Green’s revenue from power supply rises 55 per cent in Apr-Jun quarter
