ChiniMandi, Mumbai: 8th Aug 2024
Domestic Market
Domestic sugar prices were stable to weak
Due to weak demand at higher prices, domestic sugar prices were reported to be stable to weak in the major centers. The demand is very low, according to local sources, which is driving up prices.
The price range for S-grade sugar in Muzaffarnagar was Rs 3,940-3,990 per quintal, while in Kolhapur it was Rs 3,650–3,690. Over the next two weeks, Agrimandi anticipates that the price of S grade sugar in the Kolhapur market will fluctuate between Rs 3,600 and Rs 3,750 per quintal.
Ex-mill Sugar Prices as on Aug, 08 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3630 to 3670 |
₹3710 to 3750 |
|
Karnataka |
₹3800 to 3850 |
– |
|
Uttar Pradesh |
|
₹3940 to 3990 |
|
Gujarat |
₹3655 to 3686 |
₹3755 to 3786 |
|
Tamil Nadu |
₹3875 to 4050 |
₹4025 to 4150 |
|
Madhya Pradesh |
₹3730 to 3770 |
₹3820 to 3860 |
|
Punjab |
₹4000 to 4060 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Aug, 08 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,205.25 |
|
Kanpur |
M/30 |
₹4,147.50 |
|
Kolhapur |
M/30 |
₹3,927.00 |
|
Kolkata |
M/30 |
₹4,242.00 |
|
Muzaffarnagar |
M/30 |
₹4,147.50 |
|
Ahmedabad |
M/30 |
₹4,042.50 |
|
Banglore |
M/30 |
₹4,074.00 |
|
Chennai |
M/30 |
₹4,210.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $520.80 ton, whereas the New York Sugar #11 front month contract is trading at 18.30 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 83.952 whereas USD was trading with BRL at 5.6332, Crude futures traded at ₹6335, Crude WTI traded at $75.37 barrel. Sensex closed 581.79 points lower at 78886.22 whereas Nifty closed 197.00 points lower at 24100.50
News Round-Up
New study finds sugar substitute erythritol may increase risk for cardiovascular issues
New study finds sugar substitute erythritol may increase risk for cardiovascular issues
Uttarakhand: Sugarcane cultivation shrinking in Dehradun
Intake of sugar sweetened beverages increasing globally among children and teens
Intake of sugar sweetened beverages increasing globally among children and teens
