ChiniMandi, Mumbai: 17th July 2023
Domestic Market
Sugar prices reported weak
Domestic sugar prices were reported to be weak in the major markets on subdued demand. Prices at the markets were reported lower by Rs 10 per quintal.
In Kolhapur, S grades ranged from Rs 3,480 to Rs 3,510, while M grades in Muzaffarnagar cost between Rs 3,630 and Rs 3,670. Agrimandi.live estimates that the price for S grade in the Kolhapur markets will range between Rs 3,440 and Rs 3,550 per quintal.
Ex-mill Sugar Prices as on July, 17 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3460 to 3500 |
₹3560 to 3600 |
|
Karnataka |
₹3560 to 3600 |
– |
|
Uttar Pradesh |
|
₹3615 to 3715 |
|
Gujarat |
₹3521 to 3541 |
₹3621 to 3641 |
|
Tamil Nadu |
₹3580 to 3700 |
₹3680 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, 17 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3906.00 |
|
Kanpur |
M/30 |
₹3843.00 |
|
Kolhapur |
M/30 |
₹3790.50 |
|
Kolkata |
M/30 |
₹3990.00 |
|
Muzaffarnagar |
M/30 |
₹3843.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $673.40 ton, whereas the New York Sugar #11 front month contract is trading at 23.83 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.046 whereas USD was trading with BRL at 4.8233, Crude futures traded at ₹6126, Crude WTI traded at $74.67 barrel. Sensex closed 529.03 points higher at 66589.93 whereas Nifty ended 146.95 points higher at 19711.45
News Round-Up
No issue with sugar supply in Malaysia
Sugar mill has enough funds to repair fire damage
Pakistan: Sugar exports push retail price to PKR 150 per kg
Ethanol plant in Gopalganj catches fire
Sensex ends 529 points higher, Nifty above 19,700
