ChiniMandi, Mumbai: 25th May 2024
Domestic Market
Domestic sugar prices reported stable
Domestic sugar prices in major markets were reported to be stable as buyers are waiting for the next monthly quota allocation. Next month’s quota is expected to be announced early next week. Allocation for the month of June is expected to be around 25.0 lakh tons, up 1.5 lakh tons from the same period last year.
In Muzaffarnagar, M-grade sugar ranged between Rs 3,890 and Rs 3,910 per quintal, while S-grade sugar traded between Rs 3,580 and Rs 3,620 per quintal in Kolhapur. Agrimandi expects the price of S grade sugar in the Kolhapur market to remain between Rs 3,540 and Rs 3,660 per quintal for the coming week.
Ex-mill Sugar Prices as on May, 25 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3600 to 3630 |
₹3680 to 3710 |
|
Karnataka |
₹3800 to 3900 |
– |
|
Uttar Pradesh |
|
₹3890 to 3910 |
|
Gujarat |
₹3631 to 3651 |
₹3741 to 3761 |
|
Tamil Nadu |
₹3825 to 3950 |
₹3910 |
|
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, 25 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,137.00 |
|
Kanpur |
M/30 |
₹4,095.00 |
|
Kolhapur |
M/30 |
₹3,895.50 |
|
Kolkata |
M/30 |
₹4,158.00 |
|
Muzaffarnagar |
M/30 |
₹4,095.00 |
News Round-Up
Editorial- Season wrap-up and outlook: 2023-24 expected to end with 32 mmt sugar production after ethanol diversion of 2 mmt; 2024-25 sugar production forecast to drop by 5.90%
Mawana Sugars announces financial results
Davangere Sugar announces financial results; net profit declines
Davangere Sugar announces financial results; net profit declines
