ChiniMandi, Mumbai: 20th May 2023
Domestic Market
Mixed cues reported in domestic sugar prices
Prices of domestic sugar varied in the major markets, falling in Kolhapur and Kolkata while remaining stable in Muzaffarnagar and Delhi. The prices of sugar in Kolhapur were affected by the lower demand from Kolkata for a good pipeline. According to reports, prices in Kolkata and Kolhapur were reduced by Rs 5–10 per quintal. Prices for sugar in Muzaffarnagar (M grade) ranged from Rs 3,610 to Rs 3,630 per quintal, while those in Kolhapur (S grade) are in the range of Rs 3,380–3,410 per quintal.
According to Agrimandi.live, prices will continue to trade steadily with a positive bias, with limited downside. In the near future, we expect prices in the Kolhapur markets to trade between Rs 3,380 and Rs 3,460 per quintal.
Ex-mill Sugar Prices as on May, 20 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3376 to 3410 |
₹3460 to 3490 |
|
Karnataka |
₹3550 to 3575 |
₹3600 to 3625 |
|
Uttar Pradesh |
|
₹3575 to 3675 |
|
Gujarat |
₹3451 to 3481 |
₹3541 to 3556 |
|
Tamil Nadu |
₹3510 to 3600 |
₹3610 to 3700 |
|
Madhya Pradesh |
₹3550 to 3580 |
₹3600 to 3650 |
|
Punjab |
₹3660 to 3701 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 20 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,853.50 |
|
Kanpur |
M/30 |
₹3,801.00 |
|
Kolhapur |
M/30 |
₹3,675.00 |
|
Kolkata |
M/30 |
₹3,979.50 |
|
Muzaffarnagar |
M/30 |
₹3,780.00 |
News Round-Up
India’s summer crops sowing marginally lower at 70 lakh hectare; gap reducing
India’s summer crops sowing marginally lower at 70 lakh hectare; gap reducing
MoEI drives strategic partnerships in clean energy with German, Dutch energy sectors
MoEI drives strategic partnerships in clean energy with German, Dutch energy sectors
BKU stages demonstration at sugar mill for pending cane dues
BKU stages demonstration at sugar mill for pending cane dues
Roasche Green Agro to set up 100 klpd ethanol plant
PM praises launch of India’s first domestic commercial flight on indigenous feedstock & SAF
PM praises launch of India’s first domestic commercial flight on indigenous feedstock & SAF
