ChiniMandi, Mumbai: 12th February 2022
Domestic Market Update
Announcement of Quota for the month January 2022
The Department of Food & Public Distribution announced a 20 LMT monthly sugar quota for domestic sale in February 2022.
Unblended fuel to attract ₹2 per litre excise duty
In the Union Budget 2022, Finance Minister Nirmala Sitharaman announced that unblended fuel will attract ₹2 per litre excise duty from October 2022. Blended fuel has the potential of reducing India’s oil import bill while also potentially increasing farmer income.
Domestic Trade Market
According to marketmen there has been no demand. In Maharashtra, sugar prices have slid down to MSP (Minimum Selling Price) level.
State wise prices today:
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3100 to 3175 |
₹3180 to 3270 |
|
Karnataka |
₹3120 to 3140 |
₹3210 to 3280 |
|
Uttar Pradesh |
|
₹3330 to 3450 |
|
Gujarat |
₹3140 to 3201 |
₹3281 to 3321 |
|
Tamil Nadu |
₹3275 to 3360 |
₹3350 to 3400 |
|
Madhya Pradesh |
₹3250 to 3280 |
₹3310 to 3340 |
|
Punjab |
|
₹3440 to 3541 |
|
(All the above rates are excluding GST) |
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