ChiniMandi, Mumbai: 26th July 2023
Domestic Market
Sugar prices traded stable
Domestic sugar prices in major markets were reported to be stable and demand is reported good across the regions ahead of festive season. However, excess rainfall has reportedly slowed trading activity in Maharashtra.
S-grade in Kolhapur reported between Rs 3,470 and Rs 3,510 range, while M-grade in Uttar Pradesh traded in the range of 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, 26 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3460 to 3500 |
₹3560 to 3600 |
|
Karnataka |
₹3540 to 3600 |
– |
|
Uttar Pradesh |
|
₹3600 to 3710 |
|
Gujarat |
₹3531 to 3551 |
₹3631 to 3651 |
|
Tamil Nadu |
₹3560 to 3700 |
₹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, 26 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 $693.50 ton, whereas the New York Sugar #11 front month contract is trading at 24.71 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.027 whereas USD was trading with BRL at 4.7505, Crude futures traded at ₹6494, Crude WTI traded at $78.88 barrel. Sensex closed 351.49 points higher at 66707.20 whereas Nifty ended 97.70 points higher at 19778.30
News Round-Up
Odisha to get three new ethanol plants
NSI to help Indonesia’s firm to enhance and modernize their sugar units
NSI to help Indonesia’s firm to enhance and modernize their sugar units
Sugar output in Brazil increases by 8.9 per cent in early July: UNICA
Sugar output in Brazil increases by 8.9 per cent in early July: UNICA
India’s rice exports ban to fuel volatility in global food prices: IMF
India’s rice exports ban to fuel volatility in global food prices: IMF
Sensex ends 351 points higher, Nifty above 19,750
