Daily Sugar Market Update By Vizzie – 12/08/2023

ChiniMandi, Mumbai: 12th August 2023

Domestic Market

Domestic prices quoted are stable

Sugar prices are reported to be stable in the major markets of Maharashtra and Uttar Pradesh. Tender quotes are reported to be higher, but resale prices are available at lower levels as demand is reported to be subdued. Most of the buyers are remaining hand to mouth which is keeping prices under control.

In Kolhapur, S-grade sugar was priced between Rs 3,510 and Rs 3,530, while M-grade sugar in Uttar Pradesh was priced between Rs 3,670 and Rs 3,710.

According to AgriMandi.live, the price of S grade is expected to trade in the Kolhapur markets between Rs 3,500 and Rs 3,580 per quintal in the near future.

Ex-mill Sugar Prices as on August, 12 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3500 to 3540

₹3600 to 3640

Karnataka

₹3570 to 3600

₹3620 to 3650

Uttar Pradesh

₹3650 to 3730

Gujarat

₹3541 to 3561

₹3621 to 3641

Tamil Nadu

₹3600 to 3700

₹3710 to 3750

Madhya Pradesh

₹3725 to 3730

₹3795 to 3800

Punjab

₹3660 to 3831

(All the above rates are excluding GST)

Destination-wise Spot Prices as on August, 12 2023 :

City

Grade

Rate

Delhi

M/30

₹3937.50

Kanpur

M/30

₹3885.00

Kolhapur

M/30

₹3832.50

Kolkata

M/30

₹4042.50

Muzaffarnagar

M/30

₹3895.50

News Round-Up

Government may impose stock limits on sugar

Government may impose stock limits on sugar

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MP Cabinet approves disbursement of Rs 6,000 to farmers under Kisan Kalyan Yojana

“More than 8,400 farmers given compensation for damage caused by flood”: UP CM Yogi Adityanath

“More than 8,400 farmers given compensation for damage caused by flood”: UP CM Yogi Adityanath

Uttar Pradesh CM Yogi Adityanath to lay stone for ethanol project in Gorakhpur

Uttar Pradesh CM Yogi Adityanath to lay stone for ethanol project in Gorakhpur

Heavy rains cause severe flooding in China’s major grain-producing region

Heavy rains cause severe flooding in China’s major grain-producing region

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