ChiniMandi, Mumbai: 16th December 2023
Domestic Market
Domestic sugar prices reported to be stable
Sugar prices have been reported to be stable across the major markets, after remaining weak since the beginning of the week. Trading activity was reported to be thin. Prices are expected to remain low due to the ongoing crushing season; buyers prefer hand-to-mouth transactions. Furthermore, higher sugar production as a result of the ethanol ban on direct cane juice production is putting pressure on prices.
In Kolhapur, S-grade sugar costs between Rs 3,520 and Rs 3,600 per quintal, while M-grade sugar costs between Rs 3,800 and Rs 3,850 per quintal in Muzaffarnagar. According to Agrimandi, S grade sugar will trade in Kolhapur markets between Rs 3,450 and Rs 3,650 in the next two weeks.
Ex-mill Sugar Prices as on December, 16 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3640 to 3680 |
₹3720 to 3730 |
|
Karnataka |
₹3650 to 3700 |
₹3750 |
|
Uttar Pradesh |
|
₹3690 to 3800 |
|
Gujarat |
₹3591 to 3621 |
₹3671 to 3701 |
|
Tamil Nadu |
₹3775 to 3875 |
₹3835 to 3900 |
|
Madhya Pradesh |
₹3790 |
₹3860 |
|
Punjab |
₹3930 to 4001 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on December, 16 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,074.00 |
|
Kanpur |
M/30 |
₹4,026.75 |
|
Kolhapur |
M/30 |
₹3,874.50 |
|
Kolkata |
M/30 |
₹4,063.50 |
|
Muzaffarnagar |
M/30 |
₹4,026.75 |
News Round-Up
Understand expected maths behind allocation: Government revises ethanol production guideline; caps sugar diversion to 17 LMT
UKPSC begins applications process for post of supervisor and cane supervisors
UKPSC begins applications process for post of supervisor and cane supervisors
Union Minister Piyush Goyal launches LEADS 2023 to catalyse logistics sector growth
Union Minister Piyush Goyal launches LEADS 2023 to catalyse logistics sector growth
Asia needs to decouple economic growth from carbon emissions, says ADB
Asia needs to decouple economic growth from carbon emissions, says ADB
India to allow diversion of up to 1.7 million tonnes of sugar for ethanol production
India to allow diversion of up to 1.7 million tonnes of sugar for ethanol production
