Daily Sugar Market Update By Vizzie – 02/12/2023

Domestic Market

Domestic sugar prices quoted stable after continuous fall

Sugar prices in the major domestic markets have been reported to be stable after a 3-4 weak sessions. Buyers prefer hand to mouth because prices are expected to remain low due to the ongoing crushing season.

In Kolhapur S-grade sugar ranges between Rs 3,600 and Rs 3,650 per quintal, whereas M-grade sugar in Muzaffarnagar trading in the range of Rs 3,900 and Rs 3,980.

According to Agrimandi, S grade sugar will trade in Kolhapur markets for between Rs 3,520 and Rs 3,650 over the next two weeks.

Ex-mill Sugar Prices as on  December, 02 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3630 to 3660

₹3730 to 3760

Karnataka

₹3690 to 3715

₹3765

Uttar Pradesh

₹3790 to 3895

Gujarat

₹3661 to 3701

₹3741 to 3781

Tamil Nadu

₹3800 to 3875

₹3850 to 3900

Madhya Pradesh

₹3830

₹3900

Punjab

₹3900 to 4201

(All the above rates are excluding GST)

Destination-wise Spot Prices as on December, 02 2023 :

City

Grade

Rate

Delhi

M/30

₹4,179.00

Kanpur

M/30

₹4,137.00

Kolhapur

M/30

₹3,906.00

Kolkata

M/30

₹4,168.50

Muzaffarnagar

M/30

₹4,137.00

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