ChiniMandi, Mumbai: 28th Sep 2024
Domestic Market
Domestic sugar prices reported to be stable
Domestic sugar prices in Uttar Pradesh and Maharashtra have stabilized following a sharp rise. Prices rose sharply yesterday on the back of lower quotas for October. However, demand is reported to be low, keeping prices under control in today’s session.
The Food Ministry has set a lower quota of 2.55 MMT for October, which is 350 KMT lower than the previous year. Nonetheless, the monthly quota exceeded that of September by 200 KMT. Given that temperatures are below normal, price increases may be limited. Furthermore, with crushing set to begin next month, prices are expected to remain under pressure.
M-grade sugar in Muzaffarnagar ranges between Rs 3,910 and Rs 3,260 per quintal, while S-grade sugar in Kolhapur costs between Rs 3,585 and Rs 3,650. Agrimandi.live predicts that S-grade sugar prices in Kolhapur will be in the range of between Rs 3,500 and Rs 3,650 per quintal in the coming days.
Ex-mill Sugar Prices as on Sep, 28 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3580 to 3610 |
₹3660 to 3690 |
|
Karnataka |
₹3740 to 3825 |
₹3875 |
|
Uttar Pradesh |
|
₹3910 to 3960 |
|
Gujarat |
₹3600 to 3630 |
₹3700 to 3750 |
|
Tamil Nadu |
₹3875 to 3900 |
₹3975 |
|
Madhya Pradesh |
₹3700 to 3720 |
₹3750 to 3820 |
|
Punjab |
₹3950 to 4040 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Sep, 28 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,189.50 |
|
Kanpur |
M/30 |
₹4,147.50 |
|
Kolhapur |
M/30 |
₹3,890.25 |
|
Kolkata |
M/30 |
₹4,231.50 |
|
Muzaffarnagar |
M/30 |
₹4,142.25 |
|
Ahmedabad |
M/30 |
₹4,042.50 |
|
Banglore |
M/30 |
₹4,063.50 |
|
Chennai |
M/30 |
₹4,179.00 |
News Round-Up
Climate-resilient and digital agriculture in focus: DA&FW Secretary meets World Bank official
Climate-resilient and digital agriculture in focus: DA&FW Secretary meets World Bank official
Government should come up with permanent solution on the stubble-burning issue: Kisan Mazdoor Sangharsh Committee leader
India’s forex reserve touches fresh record high of USD 692.3 billion
India’s forex reserve touches fresh record high of USD 692.3 billion
