ChiniMandi, Mumbai: 2nd September 2023
Domestic Market
Domestic prices continue to rise on good demand
Due to strong demand and rising crop concerns brought on by below-average rainfall activity over the main cane growing regions in Maharashtra and South India, domestic prices are reportedly holding steady in the major markets. In addition to the increase of Rs 20 to 30 per quintal yesterday, prices have increased by Rs 30 to Rs 40 per quintal in important markets today.
Rainfall activity has decreased by 60–78% in Maharashtra’s main cane-growing regions, which has hampered crop growth. Rainfall in August was 40% LPA at 91 mm, the lowest and hottest since 1901. IMD anticipates normal rainfall activity in September as a result of a positive IOD, whereas the UK weather service anticipates September rains to be 20 mm less than LPA.
According to reports, a quintal in Muzaffarnagar cost between Rs. 3,770 and 3,800, while it cost between Rs 3,570 and 3,610 in Kolhapur. AgriMandi.live predicts, S grade will soon trade in Kolhapur markets for between Rs 3,520 and Rs 3,650 per quintal.
Ex-mill Sugar Prices as on September, 2 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3580 to 3610 |
₹3680 to 3710 |
|
Karnataka |
₹3625 to 3650 |
₹3640 to 3700 |
|
Uttar Pradesh |
|
₹3710 to 3810 |
|
Gujarat |
₹3591 to 3631 |
₹3691 to 3721 |
|
Tamil Nadu |
₹3650 to 3800 |
₹3775 to 3850 |
|
Madhya Pradesh |
₹3760 to 3770 |
₹3830 to 3840 |
|
Punjab |
₹3800 to 3921 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on September, 2 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3990.00 |
|
Kanpur |
M/30 |
₹3948.00 |
|
Kolhapur |
M/30 |
₹3895.50 |
|
Kolkata |
M/30 |
₹4116.00 |
|
Muzaffarnagar |
M/30 |
₹3958.50 |
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