Daily Sugar Market Update By Vizzie – 06/04/2024

ChiniMandi, Mumbai: 6th April 2024

Domestic Market

Domestic sugar continue to trade stable

Domestic sugar prices in major markets were reported to be stable for the second session. However, with a larger monthly quota, prices are likely to be under pressure in the coming days. Furthermore, demand in the major markets is expected to be low, putting pressure on prices.

In Muzaffarnagar, M-grade sugar is priced between Rs 3,770 and Rs 3,800 per quintal, while S-grade sugar is expected to cost between Rs 3,420 and Rs 3,450. Agrimandi predicts that the price of S grade sugar in the Kolhapur market will fall to between Rs 3,380 and Rs 3,460 per quintal within the next two weeks.

Ex-mill Sugar Prices as on  April, 6 2024 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3455 to 3490

₹3535 to 3570

Karnataka

₹3620 to 3650

Uttar Pradesh

₹3760 to 3790

Gujarat

₹3471 to 3501

₹3521 to 3561

Tamil Nadu

₹3650 to 3850

Madhya Pradesh

₹3600 to 3610

₹3650 to 3660

Punjab

₹3825 to 3860

(All the above rates are excluding GST)

Destination-wise Spot Prices as on April, 6 2024 :

City

Grade

Rate

Delhi

M/30

₹4,005.75

Kanpur

M/30

₹3,958.50

Kolhapur

M/30

₹3,738.00

Kolkata

M/30

₹3,979.50

Muzaffarnagar

M/30

₹3,953.25

 

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