ChiniMandi, Mumbai: 11th November 2023
Domestic Market
Domestic sugar prices quoted stable
On a thin trading session, sugar prices in the major domestic market were reported to be stable. Prices continue to quote at lower levels as demand is reported to be weak. Furthermore, because millers have yet to begin the crushing season, old crop is being quoted, which usually attracts lower rates. The crushing campaign started in Uttar Pradesh as 58 mills started operations. Prices are expected to remain stable in the short to medium term as the crushing campaign begins.
In Kolhapur, S-grade sugar was priced between Rs 3,610 and Rs 3,640 per quintal, while M-grade sugar was priced between Rs 3,900 and Rs 3,940. According to Agrimandi, S grade sugar will trade for between Rs 3,600 and Rs 3,720 in Kolhapur markets over the next two weeks.
Ex-mill Sugar Prices as on November, 11 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3600 to 3650 |
₹3700 to 3750 |
|
Karnataka |
₹3675 to 3685 |
₹3735 |
|
Uttar Pradesh |
|
₹3840 to 3930 |
|
Gujarat |
₹3681 to 3721 |
₹3761 to 3801 |
|
Tamil Nadu |
₹3750 to 3850 |
₹3800 to 3900 |
|
Madhya Pradesh |
₹3840 to 3855 |
₹3910 to 3925 |
|
Punjab |
₹3980 to 4180 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on November, 11 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,126.50 |
|
Kanpur |
M/30 |
₹4,095.00 |
|
Kolhapur |
M/30 |
₹3,906.00 |
|
Kolkata |
M/30 |
₹4,147.50 |
|
Muzaffarnagar |
M/30 |
₹4,095.00 |
News Round-Up
Madhur Sugar introduces ‘Madhur Utsav’ initiative on Diwali
Centre asks states to ensure effective implementation of revised guidelines for ex-situ management of crop residue
Policy interventions to tackle air pollution should be health-centric: Centre for Chronic Disease Control
Heavy rains in Tamil Nadu disrupt normal life
