ChiniMandi, Mumbai: 6th July 2023
Domestic Market
Sugar prices continued to trade stable
Sugar prices in domestic markets remained stable due to strong demand. In Kolhapur, S grades were trading between Rs 3,500 and Rs 3,540, while M grades were trading between Rs 3,650 and Rs 3,680.
According to Agrimandi.live, S grade prices in Kolhapur markets are expected to be in the Rs 3,400-3,550 per quintal range.
Ex-mill Sugar Prices as on July, 06 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3450 to 3470 |
₹3550 to 3570 |
|
Karnataka |
₹3600 to 3650 |
– |
|
Uttar Pradesh |
|
₹3630 to 3725 |
|
Gujarat |
₹3521 to 3541 |
₹3611 to 3621 |
|
Tamil Nadu |
₹3615 to 3700 |
₹3700 to 3750 |
|
Madhya Pradesh |
₹3680 to 3695 |
₹3740 to 3765 |
|
Punjab |
₹3700 to 3751 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 06 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3916.50 |
|
Kanpur |
M/30 |
₹3853.50 |
|
Kolhapur |
M/30 |
₹3822.00 |
|
Kolkata |
M/30 |
₹4021.50 |
|
Muzaffarnagar |
M/30 |
₹3853.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $658.90 ton, whereas the New York Sugar #11 front month contract is trading at 23.34 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.455 whereas USD was trading with BRL at 4.8456, Crude futures traded at ₹5936, Crude WTI traded at $72.10 barrel. Sensex closed 339.60 points higher at 65785.64 whereas Nifty ended 98.80 points higher at 19497.30
News Round-Up
Haryana State Level Steering Committee approves Rs 1372 crore for 2023-24 for agriculture
Haryana State Level Steering Committee approves Rs 1372 crore for 2023-24 for agriculture
Piyush Goyal launches new Sugar-Ethanol portal
Heavy rains continue in Kerala, 6 districts put under Orange Alert
Heavy rains continue in Kerala, 6 districts put under Orange Alert
Ahead of monsoon session of Parliament, Centre calls for all-party meeting on July 19
Ahead of monsoon session of Parliament, Centre calls for all-party meeting on July 19
Sensex ends 340 points higher, Nifty nears 19,500
