Daily Sugar Market Update By Vizzie – 07/10/2023

ChiniMandi, Mumbai: 7th October 2023

Domestic Market

Stable sentiment reported in domestic prices

Sugar prices have been reported to be stable in the major domestic centers. Demand is reported to be subdued as trading is reported thin.

In Kolhapur, S-grade sugar quintals cost between Rs. 3,620 and 3,650, while M-grade sugar costs between Rs. 3,820 and 3,840. Agrimandi.live estimates that S grade sugar will cost between Rs 3,620 and Rs 3,700 in Kolhapur markets.

Ex-mill Sugar Prices as on October, 7 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3600 to 3630

₹3700 to 3730

Karnataka

₹3640 to 3675

₹3725

Uttar Pradesh

₹3775 to 3880

Gujarat

₹3641

₹3701 to 3761

Tamil Nadu

₹3675 to 3800

₹3775 to 3825

Madhya Pradesh

₹3780 to 3795

₹3850 to 3865

Punjab

₹3900 to 4031

(All the above rates are excluding GST)

Destination-wise Spot Prices as on October, 7 2023 :

City

Grade

Rate

Delhi

M/30

₹4,053.00

Kanpur

M/30

₹4,016.25

Kolhapur

M/30

₹3,916.50

Kolkata

M/30

₹4,105.50

Muzaffarnagar

M/30

₹4,026.75

News Round-Up

Government is future-proofing its energy demands with biofuel growth: Binny New Re Energy Limited

Government is future-proofing its energy demands with biofuel growth: Binny New Re Energy Limited

Baghpat: Farmers demand an early start of sugar mill’s crushing operations

Baghpat: Farmers demand an early start of sugar mill’s crushing operations

Uttarakhand: Uttam sugar mill to start crushing season in late October

Uttarakhand: Uttam sugar mill to start crushing season in late October

GST Council decides to cut tax on molasses to 5 percent

GST Council decides to cut tax on molasses to 5 percent

Israel declares ‘readiness for war’ after rocket attacks from Gaza

Israel declares ‘readiness for war’ after rocket attacks from Gaza

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