ChiniMandi, Mumbai: 1st June 2024
Domestic Market
Domestic sugar prices continued to be stable
Domestic sugar prices in major markets remained stable for the second session, owing to weak demand at higher price levels. Furthermore, the delay in MSP decisions has a negative impact on prices. Demand is said to be low at current prices, with higher quotas than the previous year keeping prices in check.
In Muzaffarnagar, M-grade sugar costs between Rs 3,890 and Rs 3,910 per quintal, while S-grade sugar costs between Rs 3,590 and Rs 3,630 per quintal in Kolhapur. Agrimandi forecasts that the price of S grade sugar in the Kolhapur market will fall in the next two weeks to between Rs 3,540 and Rs 3,660 per quintal.
Ex-mill Sugar Prices as on June, 01 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3610 to 3640 |
₹3690 to 3720 |
|
Karnataka |
₹3800 to 3900 |
– |
|
Uttar Pradesh |
|
₹3890 to 3900 |
|
Gujarat |
₹3651 to 3671 |
₹3751 to 3771 |
|
Tamil Nadu |
₹3825 to 3950 |
₹3910 |
|
Madhya Pradesh |
₹3750 to 3800 |
₹3800 to 3820 |
|
Punjab |
₹3990 to 4060 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 01 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,137.00 |
|
Kanpur |
M/30 |
₹4,095.00 |
|
Kolhapur |
M/30 |
₹3,906.00 |
|
Kolkata |
M/30 |
₹4,158.00 |
|
Muzaffarnagar |
M/30 |
₹4,089.75 |
News Round-Up
Indian Sucrose Limited announces financial results, stock hits 20% upper circuit yesterday
Indian Sucrose Limited announces financial results, stock hits 20% upper circuit yesterday
From the Editor’s desk- The lifeline returns: Early arrival of the Southwest Monsoon brings hope
From the Editor’s desk- The lifeline returns: Early arrival of the Southwest Monsoon brings hope
