ChiniMandi, Mumbai: 13th July 2023
Domestic Market
Sugar prices continued to trade stable
The price of domestic sugar remained stable in the main markets. Trading is reported to be very thin, but retail demand is reported to be weaker. In Kolhapur, S grades were priced between Rs. 3,480 and Rs. 3,520, while M grades were priced between Rs. 3,630 and Rs. 3,660.
In Kolhapur markets, S grade is expected to cost between Rs 3,440 and Rs 3,550 per quintal, according to AgriMandi.live.
Ex-mill Sugar Prices as on July, 13 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3460 to 3500 |
₹3560 to 3600 |
|
Karnataka |
₹3575 to 3600 |
– |
|
Uttar Pradesh |
|
₹3615 to 3715 |
|
Gujarat |
₹3521 to 3541 |
₹3621 to 3641 |
|
Tamil Nadu |
₹3590 to 3700 |
₹3670 to 3750 |
|
Madhya Pradesh |
₹3670 to 3690 |
₹3730 to 3755 |
|
Punjab |
₹3730 to 3801 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 13 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3895.50 |
|
Kanpur |
M/30 |
₹3832.50 |
|
Kolhapur |
M/30 |
₹3790.50 |
|
Kolkata |
M/30 |
₹3990.00 |
|
Muzaffarnagar |
M/30 |
₹3832.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $694.40 ton, whereas the New York Sugar #11 front month contract is trading at 23.96 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.094 whereas USD was trading with BRL at 4.8190, Crude futures traded at ₹6229, Crude WTI traded at $75.83 barrel. Sensex closed 164.99 points higher at 65558.89 whereas Nifty ended 29.45 points higher at 19413.75
News Round-Up
Government responsible to clear cane dues of farmers: Naresh Tikait
Government responsible to clear cane dues of farmers: Naresh Tikait
USDA estimates rise in sugar imports
If waterlogging continues for long time it would may impact sugarcane and fodder
If waterlogging continues for long time it may impact sugarcane and fodder
Chandrayaan-3 mission countdown begins, India to be fourth country to land its spacecraft on moon
Chandrayaan-3 mission countdown begins, India to be fourth country to land its spacecraft on moon
Sensex ends 165 points higher, Nifty above 19,400
