Domestic Market
Sugar prices remained stable, demand lower
For the third session in a row, major markets were reported to have stable domestic sugar prices. On account of the significant rainfall activity, demand is reportedly low. Trading activity has been somewhat impacted by the heavy rains that have been occurring over Maharashtra. In Kolhapur, S grades ranged from Rs 3,480 to Rs 3,520, while M grades in Muzaffarnagar cost between Rs 3,630 and Rs 3,670.
According to AgriMandi.live, the price of S grade in the Kolhapur markets will be between Rs 3,440 and Rs 3,550 per quintal.
Ex-mill Sugar Prices as on July, 20 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3460 to 3500 |
₹3560 to 3600 |
|
Karnataka |
₹3540 to 3600 |
– |
|
Uttar Pradesh |
|
₹3605 to 3710 |
|
Gujarat |
₹3521 to 3541 |
₹3621 to 3641 |
|
Tamil Nadu |
₹3575 to 3700 |
₹3680 to 3750 |
|
Madhya Pradesh |
₹3665 to 3680 |
₹3715 to 3750 |
|
Punjab |
₹3730 to 3801 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 20 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 $689.60 ton, whereas the New York Sugar #11 front month contract is trading at 24.56 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 81.953 whereas USD was trading with BRL at 4.7915, Crude futures traded at ₹6214, Crude WTI traded at $75.63 barrel. Sensex closed 474.46 points higher at 67571.90 whereas Nifty ended 146.00 points higher at 19979.15
News Round-Up
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CM Yogi to gift Mukhya Mantri Khet Suraksha Yojana to all farmers of UP
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HPCL setting up green hydrogen plant in Andhra: MoS Rameswar Teli
HPCL setting up green hydrogen plant in Andhra: MoS Rameswar Teli
Sensex ends 474 points higher, Nifty above 19,950
