ChiniMandi, Mumbai: 8th June 2024
Domestic Market
Sugar prices remained weak; Monsoon entered Maharashtra
Domestic sugar prices in major markets were reported to be low due to weak demand. Prices in Muzaffarnagar and Kolhapur have fallen by Rs 10-15 per quintal. At current prices, demand is reportedly low, weighing on prices; however, higher quotas than the previous year are said to be keeping prices under control.
Meanwhile, the Indian monsoon has covered entire Karnataka, and parts of southern Maharashtra. Conditions are favourable for further advancement, and are likely to cover Western Maharashtra, by June 10.
In Muzaffarnagar, M-grade sugar costs between Rs 3,840-3,860 per quintal, whereas S-grade sugar in Kolhapur costs between Rs 3,580-3,620. Agrimandi predicts that the price of S grade sugar in the Kolhapur market will fall within the next two weeks to between Rs 3,540 and Rs 3,660 per quintal.
Ex-mill Sugar Prices as on June, 08 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3600 to 3640 |
₹3680 to 3720 |
|
Karnataka |
₹3800 to 3900 |
– |
|
Uttar Pradesh |
|
₹3840 to 3860 |
|
Gujarat |
₹3651 to 3671 |
₹3751 to 3771 |
|
Tamil Nadu |
₹3820 to 3950 |
₹3885 to 4000 |
|
Madhya Pradesh |
₹3720 to 3780 |
₹3750 to 3800 |
|
Punjab |
₹3975 to 4060 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 08 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,084.50 |
|
Kanpur |
M/30 |
₹4,042.50 |
|
Kolhapur |
M/30 |
₹3,885.00 |
|
Kolkata |
M/30 |
₹4,105.50 |
|
Muzaffarnagar |
M/30 |
₹4,042.50 |
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