ChiniMandi, Mumbai: 18th May 2024
Domestic Market
Domestic sugar prices were reported steady
Domestic sugar prices in the major markets were reported steady due to low demand at current prices. According to local sources, demand is subdued which is weighing on the prices. Furthermore, lower temperatures due to rainfall activity and the early end of the wedding season are also weighing on demand, which are affecting prices.
In Muzaffarnagar, M-grade sugar ranged between Rs 3,890 and Rs 3,910 per quintal, while S-grade sugar ranged between Rs 3,610 and Rs 3,640. Agrimandi expects the price of S grade sugar in the Kolhapur market to fall to between Rs 3,540 and Rs 3,660 per quintal within the next two weeks.
Ex-mill Sugar Prices as on May, 18 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3620 to 3650 |
₹3700 to 3730 |
|
Karnataka |
₹3875 to 3900 |
– |
|
Uttar Pradesh |
|
₹3890 to 3910 |
|
Gujarat |
₹3651 to 3671 |
₹3755 to 3791 |
|
Tamil Nadu |
₹3850 to 4000 |
₹3935 to 4050 |
|
Madhya Pradesh |
₹3750 to 3800 |
₹3790 to 3840 |
|
Punjab |
₹4000 to 4080 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 18 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,147.50 |
|
Kanpur |
M/30 |
₹4,105.50 |
|
Kolhapur |
M/30 |
₹3,916.50 |
|
Kolkata |
M/30 |
₹4,168.50 |
|
Muzaffarnagar |
M/30 |
₹4,105.50 |
News Round-Up
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Punjab CM promises sugarcane farmers will soon receive outstanding payments from sugar mills
Punjab CM promises sugarcane farmers will soon receive outstanding payments from sugar mills
Southwest Monsoon likely to advance into South Anadaman Sea around Sunday: IMD
Southwest Monsoon likely to advance into South Anadaman Sea around Sunday: IMD
