Daily Sugar Market Update By Vizzie – 24/08/2024

ChiniMandi, Mumbai: 24th Aug 2024

Domestic Market

Domestic sugar prices traded weak

Domestic sugar prices were reported to be weak in the major markets. Prices fell by Rs 10 per quintal in Muzaffarnagar and fell by Rs 5 per quintal in Kolhapur. According to traders, demand is extremely low despite the limited supply, as the monthly quota was lower than expected.

The price range for S-grade sugar in Muzaffarnagar was Rs 3,835-3,900 per quintal, whereas in Kolhapur it was Rs 3,610-3,650. Agrimandi expects S-grade sugar prices in the Kolhapur market to range between Rs 3,600 and Rs 3,750 per quintal in the next two weeks.

Ex-mill Sugar Prices as on  Aug, 24 2024 : 

State

S/30 

[Rates per Quintal] 

M/30

[Rates per Quintal] 

Maharashtra

₹3580 to 3620

₹3660 to 3700

Karnataka

₹3730 to 3800

Uttar Pradesh

₹3835 to 3900

Gujarat

₹3601 to 3631

₹3685 to 3731

Tamil Nadu

₹3815 to 4025

₹3975 to 4125

Madhya Pradesh

₹3730 to 3770

₹3820 to 3860

Punjab

₹4000 to 4060

(All the above rates are excluding GST)

Destination-wise Spot Prices as on  Aug, 24 2024 : 

City 

Grade 

Rate 

Delhi

M/30

₹4,095.00

Kanpur

M/30

₹4,042.50

Kolhapur

M/30

₹3,890.25

Kolkata

M/30

₹4,147.50

Muzaffarnagar

M/30

₹4,042.50

Ahmedabad

M/30

₹4,000.50

Banglore

M/30

₹4,037.25

Chennai

M/30

₹4,168.50

 

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