Daily Sugar Market Update By Vizzie – 03/08/2024

ChiniMandi, Mumbai: 3rd Aug 2024

Domestic Market

Steady sentiment witnessed in domestic sugar prices

Domestic sugar prices in major markets were reported to be stable. At higher price points, demand is reported to be average. Lower monthly quotas have caused sharp rise in prices in Uttar Pradesh and Maharashtra by Rs 150-180 and Rs 100-120 per quintal, respectively, over the last week.

In Kolhapur, the price range for S-grade sugar was Rs 3,670 to 3,710 per quintal, while in Muzaffarnagar, the price range was Rs 3,950 to 4,000. Agrimandi predicts that the price of S grade sugar in the Kolhapur market will range between Rs 3,620 and Rs 3,750 per quintal over the next two weeks.

Ex-mill Sugar Prices as on  Aug, 03 2024 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3630 to 3680

₹3710 to 3760

Karnataka

₹3875 to 3880

Uttar Pradesh

₹3950 to 4010

Gujarat

        ₹3675 to 3706

            ₹3775 to 3806

Tamil Nadu

₹3900 to 4050

₹4050 to 4150

Madhya Pradesh

₹3670 to 3685

₹3745 to 3785

Punjab

₹3840 to 3920

(All the above rates are excluding GST)

Destination-wise Spot Prices as on  Aug, 03 2024 :

City

Grade

Rate

Delhi

M/30

₹4,221.00

Kanpur

M/30

₹4,158.00

Kolhapur

M/30

₹3,948.00

Kolkata

M/30

₹4,252.50

Muzaffarnagar

M/30

₹4,158.00

Ahmedabad

M/30

₹4,063.50

Banglore

M/30

₹4,084.50

Chennai

M/30

₹4,221.00

 

News Round-Up

We are rapidly moving towards achieving 20 per cent ethanol blending target in petrol: PM Modi

We are rapidly moving towards achieving 20 per cent ethanol blending target in petrol: PM Modi

 

From the Editor’s desk: Government seems confident of achieving 20% ethanol blending target by 2025

 

CM announces decision to reopen Pondicherry cooperative sugar mill with private participation for ethanol and sugar production

 

 

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