ChiniMandi, Mumbai: 7th Dec 2024
Domestic Market
Domestic sugar prices were trade stable
After a drastic fall, domestic sugar prices in major markets were reported to be stable for the second session. Prices have dropped by Rs 200-250 per quintal from their recent peak, primarily due to a lack of demand during the initial stages of crushing activity. Demand remains weak despite the price fall, with buyers remaining need-based since the start of crushing activity across the states. Almost all mills are operational in Karnataka and Uttar Pradesh, and over 143 have begun crushing operations in Maharashtra, which should keep prices in check.
S-grade sugar in Kolhapur costs Rs 3,340-3,390 per quintal, whereas M-grade sugar in Muzaffarnagar costs Rs 3,660-3,700. Agrimandi.live predicts that the price of Kolhapur S-grade sugar will range from Rs 3,320 to Rs 3,450 per quintal in the near future.
Ex-mill Sugar Prices as on Dec, 07 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3330 to 3370 |
₹3420 to 3450 |
|
South Karnataka |
₹3480 to 3550 |
₹3540 to 3600 |
|
Uttar Pradesh |
|
₹3650 to 3710 |
|
Gujarat |
₹3431 to 3485 |
₹3531 to 3601 |
|
Tamil Nadu |
₹3625 to 3750 |
₹3685 to 3825 |
|
Madhya Pradesh |
₹3700 to 3720 |
₹3750 to 3820 |
|
Punjab |
₹3950 to 4050 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 07 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,906.00 |
|
Kanpur |
M/30 |
₹3,864.00 |
|
Kolhapur |
M/30 |
₹3,633.00 |
|
Kolkata |
M/30 |
₹3,916.50 |
|
Muzaffarnagar |
M/30 |
₹3,864.00 |
|
Ahmedabad |
M/30 |
₹3,769.50 |
|
Banglore |
M/30 |
₹3,822.00 |
|
Chennai |
M/30 |
₹3,937.50 |
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