Daily Sugar Market Update By Vizzie – 13/07/2024

ChiniMandi, Mumbai: 13th July 2024

Domestic Market

Domestic sugar prices were reported stable to higher

After a sharp fall, domestic prices in Uttar Pradesh reported higher by Rs 15-20 per quintal on good buying. Demand was reported to be average and yet to pick up. Start of wedding season in North India is likely to support the demand in coming days.

In Kolhapur s grade sugar prices ranges between Rs 3,530-3,555, whereas M-grade sugar in Muzaffarnagar traded between Rs 3,745-3,770. According to Agrimandi, the S grade sugar in the Kolhapur market is expected to trade between Rs 3,500 and Rs 3,600 per quintal over the next two weeks.

Ex-mill Sugar Prices as on  July, 13 2024 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3540 to 3580

₹3620 to 3660

Karnataka

₹3750

Uttar Pradesh

₹3745 to 3765

Gujarat

₹3570 to 3591

₹3670 to 3691

Tamil Nadu

₹3800 to 3875

₹4000

Madhya Pradesh

₹3710 to 3730

₹3780 to 3830

Punjab

₹3920 to 3980

(All the above rates are excluding GST)

Destination-wise Spot Prices as on  July, 13 2024 :

City

Grade

Rate

Delhi

M/30

₹3,984.75

Kanpur

M/30

₹3,942.75

Kolhapur

M/30

₹3,822.00

Kolkata

M/30

₹4,016.25

Muzaffarnagar

M/30

₹3,942.75

Ahmedabad

M/30

₹3,911.25

Banglore

M/30

₹3,900.75

Chennai

M/30

₹4,026.75

News Round-Up

 

India’s gross sugar production expected to be 34.5 million tonnes in 2024-25 season: Rahil Shaikh

 

Government pushes for PPP model to enhance multi-modal logistics parks

 

Food inflation will moderate soon: Experts on June inflation

 

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