ChiniMandi, Mumbai: 13th April 2024
Domestic Market
Domestic sugar prices continued to trade stable
Domestic sugar prices in the major markets were stable for the second session. Following a recent price increase, demand is said to be low, resulting in price stability. Furthermore, mill closures are likely to maintain price stability. However, cyclonic rains are expected in the coming week, which may aid crop development for the standing crop.
In Muzaffarnagar, M-grade sugar is priced between Rs 3,780 and Rs 3,810 per quintal, while S-grade sugar is expected to cost between Rs 3,440 and Rs 3,480. Agrimandi predicts that the price of S grade sugar in the Kolhapur market will fall to between Rs 3,440 and Rs 3,500 per quintal within the next two weeks.
Ex-mill Sugar Prices as on April, 13 2024 :
| State | S/30
[Rates per Quintal] |
M/30
[Rates per Quintal] |
| Maharashtra | ₹3470 to 3500 | ₹3550 to 3650 |
| Karnataka | ₹3700 | – |
| Uttar Pradesh | ₹3780 to 3820 | |
| Gujarat | ₹3525 to 3550 | ₹3625 to 3660 |
| Tamil Nadu | ₹3725 to 3850 | ₹3790 |
| 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, 13 2024 :
| City | Grade | Rate |
| Delhi | M/30 | ₹4,032.00 |
| Kanpur | M/30 | ₹3,979.50 |
| Kolhapur | M/30 | ₹3,759.00 |
| Kolkata | M/30 | ₹4,011.00 |
| Muzaffarnagar | M/30 | ₹3,974.25 |
News Round-Up
Hapur: BKU to gherao sugar mill on May 1
NGT directs Uttar Pradesh Pollution Control Board to act against industrial units found violating environmental norms in Muzaffarnagar
Ethanol production: Alphalogic Techsys Limited signs Supplier Agreement with Mojj Engineering
Ethanol production: Alphalogic Techsys Limited signs Supplier Agreement with Mojj Engineering
