ChiniMandi, Mumbai: 21st July 2023
Domestic Market
Sugar prices remained stable, and demand was lower.
Domestic sugar prices were reported to be stable in major markets for the fourth session in a row. Demand is reportedly low due to significant rainfall activity and a truck shortage. Trading activity has been somewhat impacted by the protracted, heavy rains in Maharashtra. S grades in Kolhapur cost between Rs 3,480 and Rs 3,520, while M grades in Muzaffarnagar cost between Rs 3,630 and Rs 3,670.
According to AgriMandi.live, the price of S grade will be between Rs 3,440 and Rs 3,550 per quintal in the Kolhapur markets.
Ex-mill Sugar Prices as on July, 21 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3460 to 3500 |
₹3560 to 3600 |
|
Karnataka |
₹3525 to 3600 |
– |
|
Uttar Pradesh |
|
₹3600 to 3710 |
|
Gujarat |
₹3521 to 3541 |
₹3621 to 3641 |
|
Tamil Nadu |
₹3575 to 3700 |
₹3680 to 3750 |
|
Madhya Pradesh |
₹3660 to 3675 |
₹3730 to 3745 |
|
Punjab |
₹3745 to 3791 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 21 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 $686.50 ton, whereas the New York Sugar #11 front month contract is trading at 24.45 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 81.984 whereas USD was trading with BRL at 4.8033, Crude futures traded at ₹6285, Crude WTI traded at $76.62 barrel. Sensex closed 887.64 points lower at 66684.26 whereas Nifty ended 234.15 points lower at 19745.00
News Round-Up
Delhi Govt announces to provide free sugar to more than 2.80 lakh people till December
Delhi Govt announces to provide free sugar to more than 2.80 lakh people till December
India bans export of non-basmati white rice
Soon, subsidised tomatoes to be sold online through ONDC: Sources
Soon, subsidised tomatoes to be sold online through ONDC: Sources
Gautam Adani meets Sri Lankan President Wickremesinghe, discusses Colombo port, other projects
Gautam Adani meets Sri Lankan President Wickremesinghe, discusses Colombo port, other projects
Sensex ends 888 points lower, Nifty below 19,750
