ChiniMandi, Mumbai: 25th August 2023
Domestic Market
Domestic prices reported stable to weak
Domestic sugar prices were reported to be low in Kolhapur but stable in other cities. Demand had been strong for the previous two days, but it had slowed since yesterday. Lower rainfall activity over major cane growing regions, combined with lower supply, is supporting spot market prices.
Prices were reported to be between Rs 3,530 and Rs 3,550 per quintal in Kolhapur, and between Rs 3,710 and Rs 3,750 in Muzaffarnagar. According to AgriMandi.live, S grade will be traded in the Kolhapur markets in the near future between Rs 3,500 and Rs 3,580 per quintal.
Ex-mill Sugar Prices as on August, 25 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3545 to 3615 |
₹3645 to 3715 |
|
Karnataka |
₹3590 to 3650 |
₹3645 to 3700 |
|
Uttar Pradesh |
|
₹3720 to 3790 |
|
Gujarat |
₹3581 to 3601 |
₹3661 to 3681 |
|
Tamil Nadu |
₹3650 to 3800 |
₹3760 to 3850 |
|
Madhya Pradesh |
₹3730 to 3750 |
₹3800 to 3815 |
|
Punjab |
₹3800 to 3941 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on August, 25 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3958.50 |
|
Kanpur |
M/30 |
₹3916.50 |
|
Kolhapur |
M/30 |
₹3853.50 |
|
Kolkata |
M/30 |
₹4074.00 |
|
Muzaffarnagar |
M/30 |
₹3927.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $691.10 ton, whereas the New York Sugar #11 front month contract is trading at 24.27 c/lb.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 82.625 whereas USD was trading with BRL at 4.8712, Crude futures traded at ₹6620, Crude WTI traded at $80.11 barrel. Sensex closed 365.83 points lower at 64886.51 whereas Nifty ended 120.90 points lower at 19265.80
News Round-Up
Telangana: Amit Shah to address farmers in Khammam rally on August 27
Telangana: Amit Shah to address farmers in Khammam rally on August 27
Raju Shetty demands additional Rs 400 more along with final bills to the cane farmers
Raju Shetty demands additional Rs 400 more along with final bills to the cane farmers
Farmers demand transfer of cane collection centres to other sugar mills
Farmers demand transfer of cane collection centres to other sugar mills
Green energy can generate USD 90-100 bln revenue in Southeast Asia by 2030: Report
Green energy can generate USD 90-100 bln revenue in Southeast Asia by 2030: Report
Sensex ends 366 points lower, Nifty below 19,300
