ChiniMandi, Mumbai: 17th July 2024
Domestic Market
Domestic sugar prices continue to rise
Domestic prices in Uttar Pradesh have continued to rise and further increased by Rs 20-25 per quintal for the third session due to strong buying. In Maharashtra prices saw an uptick of Rs 10 per quintal. The start of wedding season in North India is expected to drive up demand in the coming days. There are rumours of an increase in MSP, which is supporting spot prices.
Grade sugar prices in Kolhapur range between Rs 3,555 and 3,580, while M-grade sugar in Muzaffarnagar trades for Rs 3,800 to 3,830. According to Agrimandi, 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, 17 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3550 to 3590 |
₹3630 to 3670 |
|
Karnataka |
₹3760 to 3775 |
– |
|
Uttar Pradesh |
|
₹3800 to 3830 |
|
Gujarat |
₹3570 to 3591 |
₹3670 to 3691 |
|
Tamil Nadu |
₹3790 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, 17 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,042.50 |
|
Kanpur |
M/30 |
₹4,000.50 |
|
Kolhapur |
M/30 |
₹3,848.25 |
|
Kolkata |
M/30 |
₹4,074.00 |
|
Muzaffarnagar |
M/30 |
₹4,000.50 |
|
Ahmedabad |
M/30 |
₹3,937.50 |
|
Banglore |
M/30 |
₹3,937.50 |
|
Chennai |
M/30 |
₹4,063.50 |
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