Domestic sugar prices are said to be stable to weak
Sugar prices in the major markets were reported to be stable to weak due to dull demand. Spot market prices are weighing due to the ongoing crushing season, which is expected to further weigh in the coming days.
In Muzaffarnagar, M-grade sugar cost between Rs 3,770 and Rs 3,840 per quintal, while S-grade sugar cost between Rs 3,510 and Rs 3,570 per quintal in Kolhapur. According to Agrimandi, S grade sugar in Kolhapur markets is expected to trade between Rs 3,500 and Rs 3,620 per quintal in the next two weeks.
Ex-mill Sugar Prices as on January, 13, 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3510 to 3550 |
₹3590 to 3630 |
|
Karnataka |
₹3680 to 3700 |
₹3740 to 3750 |
|
Uttar Pradesh |
|
₹3760 to 3870 |
|
Gujarat |
Old – ₹3621 to 3661 |
Old – ₹3591 to 3631 New – ₹3691 to 3721 |
|
Tamil Nadu |
₹3730 to 3875 |
₹3800 to 3900 |
|
Madhya Pradesh |
₹3715 to 3735 |
₹3765 to 3785 |
|
Punjab |
₹3880 to 3920 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on January, 12 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,032.00 |
|
Kanpur |
M/30 |
₹3,990.00 |
|
Kolhapur |
M/30 |
₹3,832.50 |
|
Kolkata |
M/30 |
₹4,042.50 |
|
Muzaffarnagar |
M/30 |
₹3,990.00 |
