ChiniMandi, Mumbai: 15th June 2024
Domestic Market
Sugar prices were reported to be stable
Domestic sugar prices in major markets are reported to be stable for the second session on the back of good demand. Demand was reported to be good at lower price levels. Meanwhile, the Indian monsoon has been stuck over North Maharashtra for the past 4-5 days due to unfavourable conditions for further advancement. However, the monsoon has covered the majority of the cane growing regions, and good rains are forecast for these areas, which should help to revive cane growth.
In Muzaffarnagar, M-grade sugar costs between Rs 3,840 and Rs 3,860 per quintal, while in Kolhapur, S-grade sugar is between Rs 3,580 and Rs 3,620. According to Agrimandi, the cost of S grade sugar in the Kolhapur market is expected to decrease to Rs 3,540 to Rs 3,660 per quintal over the course of the next two weeks.
Ex-mill Sugar Prices as on June, 15 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3590 to 3630 |
₹3670 to 3710 |
|
Karnataka |
₹3760 to 3775 |
– |
|
Uttar Pradesh |
|
₹3840 to 3860 |
|
Gujarat |
₹3631 to 3651 |
₹3731 to 3751 |
|
Tamil Nadu |
₹3790 to 3900 |
₹3870 to 4000 |
|
Madhya Pradesh |
₹3720 to 3780 |
₹3750 to 3800 |
|
Punjab |
₹3975 to 4060 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 15 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,084.50 |
|
Kanpur |
M/30 |
₹4,047.75 |
|
Kolhapur |
M/30 |
₹3,885.00 |
|
Kolkata |
M/30 |
₹4,105.50 |
|
Muzaffarnagar |
M/30 |
₹4,042.50 |
News Round-Up
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