Daily Sugar Market Update By Vizzie – 14/09/2024

ChiniMandi, Mumbai: 14th Sep 2024

Domestic Market

Domestic sugar prices remained constant to higher.

Following a weak session, domestic sugar prices were reported to be flat or higher. After continuing to plummet, prices in Uttar Pradesh rose by Rs 40-50 per quintal, while in Kolhapur they stayed unchanged. A sudden increase in demand in the evening caused a strong bounce in prices in Uttar Pradesh.

M-grade sugar costs between Rs 3,760 and Rs 3,810 per quintal in Muzaffarnagar, whilst S-grade costs between Rs 3,560 and Rs 3,620 in Kolhapur. Agrimandi forecasts that S-grade sugar prices in Kolhapur will fall between Rs 3,500 and Rs 3,650 per quintal in the next days.

Ex-mill Sugar Prices as on  Sep, 14 2024 : 

State

S/30 

[Rates per Quintal] 

M/30

[Rates per Quintal] 

Maharashtra

₹3550 to 3590

₹3630 to 3670

Karnataka

₹3720 to 3800

₹3750 to 3850

Uttar Pradesh

₹3760 to 3810

Gujarat

₹3600 to 3630

₹3680 to 3730

Tamil Nadu

₹3825 to 4000

₹3950 to 4100

Madhya Pradesh

₹3730 to 3770

₹3975

Punjab

₹4000 to 4060

(All the above rates are excluding GST)

Destination-wise Spot Prices as on  Sep, 14 2024 : 

City 

Grade 

Rate 

Delhi

M/30

₹4,000.50

Kanpur

M/30

₹3,958.50

Kolhapur

M/30

₹3,858.75

Kolkata

M/30

₹4,063.50

Muzaffarnagar

M/30

₹3,958.50

Ahmedabad

M/30

₹3,979.50

Banglore

M/30

₹4,011.00

Chennai

M/30

₹4,137.00

 

News Round-Up

Uttar Pradesh: Farmers face severe crop damage due to heavy rain in Moradabad

Uttar Pradesh: Farmers face severe crop damage due to heavy rain in Moradabad

Government tightens wheat stock limits to stabilize prices

Government tightens wheat stock limits to stabilize prices

Government removes Floor Price on Basmati Rice

Government removes Floor Price on Basmati Rice

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