ChiniMandi, Mumbai: 02nd March 2024
Domestic Market
Mixed cues reported in Domestic Sugar prices
Mixed sentiment was witnessed in domestic sugar prices, with prices rising higher in Uttar Pradesh and stable in other centers. Demand is reported to be good, which is supporting the prices at the major centers. A smaller increase in monthly quotas in Uttar Pradesh, combined with rumors of an early closure, is supporting prices. The monthly quota for Uttar Pradesh is 0.6% higher per month than that of Maharashtra, which is 12% higher.
M-grade sugar in Muzaffarnagar costs between Rs 3,750 and Rs 3,790 per quintal, while S-grade sugar in Kolhapur is said to sell for between Rs 3,410 and Rs 3,450 per quintal. Agrimandi predicts that in the next two weeks, the price of S grade sugar in the Kolhapur market will probably fall between Rs 3,400 and Rs 3,550 per quintal. In Solapur, however, prices were said to vary from Rs 3,330 to Rs 3,400 per quintal.
Ex-mill Sugar Prices as on March, 02 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3370 to 3420 |
₹3450 to 3500 |
|
Karnataka |
₹3580 to 3600 |
₹3650 |
|
Uttar Pradesh |
|
₹3750 to 3790 |
|
Gujarat |
₹3461 to 3501 |
₹3511 to 3561 |
|
Tamil Nadu |
₹3565 to 3650 |
₹3670 to 3700 |
|
Madhya Pradesh |
₹3700 to 3720 |
₹3750 to 3770 |
|
Punjab |
₹3825 to 3880 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 02 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,000.50 |
|
Kanpur |
M/30 |
₹3,948.00 |
|
Kolhapur |
M/30 |
₹3,743.25 |
|
Kolkata |
M/30 |
₹3,990.00 |
|
Muzaffarnagar |
M/30 |
₹3,953.25 |
News Round-Up
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Sugar production in India and Thailand looking better: Wilmar
GST collections grows 12.5 per cent to over Rs 1.68 lakh crore in February
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