ChiniMandi, Mumbai: 9th September 2023
Domestic Market
Domestic prices remained stable for the fourth session.
Domestic sugar prices were reported stable for a fourth session after a sharp increase in the major markets.
At current prices, demand is said to be sluggish, putting downward pressure on prices. Furthermore, rain has been reported in the main cane-growing areas of Maharashtra and South India over the last week, with more rain forecast for the coming week. Although these rains are likely to aid crop development, a lack of supply may result in price increases.
As the government considers stock limits, further price increases may result in additional sugar allocations for September.
The price of a quintal is reported to range between Rs. 3,770 and 3,800 in Muzaffarnagar and Rs. 3,620 to 3,650 in Kolhapur. AgriMandi.live reports that the cost of a quintal of S grade sugar in Kolhapur markets will range between Rs 3,580 and Rs 3,700.
Ex-mill Sugar Prices as on September, 9 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3640 to 3670 |
₹3740 to 3770 |
|
Karnataka |
₹3700 to 3740 |
₹3775 |
|
Uttar Pradesh |
|
₹3750 to 3830 |
|
Gujarat |
₹3601 to 3651 |
₹3701 to 3741 |
|
Tamil Nadu |
₹3725 to 3825 |
₹3825 to 3875 |
|
Madhya Pradesh |
₹3745 to 3765 |
₹3815 to 3835 |
|
Punjab |
₹3870 to 3971 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on September, 9 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4011.00 |
|
Kanpur |
M/30 |
₹3969.00 |
|
Kolhapur |
M/30 |
₹3916.50 |
|
Kolkata |
M/30 |
₹4126.00 |
|
Muzaffarnagar |
M/30 |
₹3990.00 |
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