ChiniMandi, Mumbai: 27th July 2023
Domestic Market
Sugar prices reported stable to weak
Domestic sugar prices were reported to be stable to negative in major markets due to weak demand. Less sugar availability keeps Maharashtra prices stable, but subdued demand in Uttar Pradesh weighs on prices in North India. Muzaffarnagar, Kolkata, and Delhi prices are said to be Rs 10 per quintal lower, while Kolhapur traded flat. In Kolhapur, S-grade costs between Rs 3,470 and Rs 3,510, while M-grade costs between Rs 3,630 and Rs 3,660 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, 27 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3460 to 3500 |
₹3560 to 3600 |
|
Karnataka |
₹3530 to 3600 |
– |
|
Uttar Pradesh |
|
₹3600 to 3700 |
|
Gujarat |
₹3531 to 3551 |
₹3631 to 3651 |
|
Tamil Nadu |
₹3560 to 3700 |
₹3660 to 3750 |
|
Madhya Pradesh |
₹3670 |
₹3710 to 3740 |
|
Punjab |
₹3750 to 3786 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 27 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,906.00 |
|
Kanpur |
M/30 |
₹3,843.00 |
|
Kolhapur |
M/30 |
₹3,780.00 |
|
Kolkata |
M/30 |
₹3,990.00 |
|
Muzaffarnagar |
M/30 |
₹3,843.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $681.50 ton, whereas the New York Sugar #11 front month contract is trading at 24.14 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 81.896 whereas USD was trading with BRL at 4.7378, Crude futures traded at ₹6515, Crude WTI traded at $79.53 barrel. Sensex closed 440.38 points lower at 66266.82 whereas Nifty ended 118.40 points lower at 19659.90
News Round-Up
With rain and heavy floods, farmers’ struggle with crop loss continue in Punjab
With rain and heavy floods, farmers’ struggle with crop loss continue in Punjab
Praj announces Q1 FY24 results: Revenue at Rs. 7,367.2 million; PAT up by 42% at Rs. 586.7 million
Praj announces Q1 FY24 results: Revenue at Rs. 7,367.2 million; PAT up by 42% at Rs. 586.7 million
Piccadily Agro Industries plans to set up ethanol plant in Chhattisgarh
Piccadily Agro Industries plans to set up ethanol plant in Chhattisgarh
1.06 LMT wheat and 100 MT rice sold in the 5th e auction of 2023-24
1.06 LMT wheat and 100 MT rice sold in the 5th e auction of 2023-24
Sensex ends 440 points lower, Nifty nears 19,650
