ChiniMandi, Mumbai: 04th May 2024
Domestic Market
Domestic sugar prices were stable
Domestic sugar prices in the major markets were reported to be stable following a sharp increase in the previous session. Demand is expected to be strong as the market anticipates that the MSP for sugar will be increased following the elections.
In Muzaffarnagar, M-grade sugar costs between Rs 3,940 and Rs 3,960 per quintal, and S-grade sugar costs between Rs 3,620 and Rs 3,640 per quintal. Agrimandi expects the price of S grade sugar in the Kolhapur market to fall to between Rs 3,520 and Rs 3,660 per quintal within the next two weeks.
Ex-mill Sugar Prices as on May, 04 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3620 to 3660 |
₹3700 to 3740 |
|
Karnataka |
₹3900 |
– |
|
Uttar Pradesh |
|
₹3940 to 3960 |
|
Gujarat |
₹3651 to 3681 |
₹3751 to 3791 |
|
Tamil Nadu |
₹3875 to 4000 |
₹3960 |
|
Madhya Pradesh |
₹3750 to 3820 |
₹3760 to 3860 |
|
Punjab |
₹4040 to 4120 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 04 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,189.50 |
|
Kanpur |
M/30 |
₹4,147.50 |
|
Kolhapur |
M/30 |
₹3,927.00 |
|
Kolkata |
M/30 |
₹4,210.50 |
|
Muzaffarnagar |
M/30 |
₹4,147.50 |
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