ChiniMandi, Mumbai: 14th July 2023
Domestic Market
Sugar prices reported higher
The price of domestic sugar was reported to be higher in the major markets. On the eve of Shravan, there was strong stockist demand in North India. Shravan in Maharashtra and South India will begin next week, which is expected to keep demand high. Prices in the major markets were reported to be Rs 10-20 per quintal higher. S grades were priced between Rs 3,490 and Rs 3,520 in Kolhapur, while M grades in Muzaffarnagar were priced between Rs 3,640 and Rs 3,680.
According to AgriMandi.live, S grade is expected to cost between Rs 3,440 and Rs 3,550 per quintal in Kolhapur markets.
Ex-mill Sugar Prices as on July, 14 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 3685 |
₹3740 to 3755 |
|
Punjab |
₹3730 to 3801 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 14 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3916.50 |
|
Kanpur |
M/30 |
₹3853.50 |
|
Kolhapur |
M/30 |
₹3801.00 |
|
Kolkata |
M/30 |
₹4000.50 |
|
Muzaffarnagar |
M/30 |
₹3853.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $699.00 ton, whereas the New York Sugar #11 front month contract is trading at 24.34 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.174 whereas USD was trading with BRL at 4.7866, Crude futures traded at ₹6314, Crude WTI traded at $76.74 barrel. Sensex closed 502.01 points higher at 66060.90 whereas Nifty ended 150.75 points higher at 19564.50
News Round-Up
Elections for sugar mills and sugarcane committees postponed
Elections for sugar mills and sugarcane committees postponed
Crop insurance scheme: Odisha govt to continue fresh insurance for Kharfi 2023 to Rabi 2025-26
Crop insurance scheme: Odisha govt to continue fresh insurance for Kharfi 2023 to Rabi 2025-26
India’s wholesale inflation remains in negative zone for third month
India’s wholesale inflation remains in negative zone for third month
Maharashtra Cabinet reshuffle: Deputy CM Ajit Pawar gets finance, planning ministries
Maharashtra Cabinet reshuffle: Deputy CM Ajit Pawar gets finance, planning ministries
Sensex ends 502 points higher, Nifty above 19,550
