Domestic sugar prices were reported stable
Domestic sugar prices in the major markets were reported to be stable following a steady decline. However, once the crushing process begins, prices are likely to fall. Furthermore, there has been no update on ethanol prices or sugar MSP, and according to sources, the decision will be made after the Maharashtra assembly elections.
Demand is said to be dull, with buyers preferring hand-to-mouth, and the government has not announced an increase in sugar MSP, which has kept prices under pressure over the last fortnight.
S-grade sugar in Kolhapur costs Rs 3,430-3,500 per quintal, while M-grade sugar in Muzaffarnagar costs Rs 3,770-3,820. According to Agrimandi.live, Kolhapur S-grade sugar will cost between Rs 3,400 and Rs 3,560 per quintal in the near future.
Ex-mill Sugar Prices as on Nov, 16 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3450 to 3480 |
₹3530 to 3580 |
|
South Karnataka |
₹3580 to 3700 |
₹3640 to 3750 |
|
Uttar Pradesh |
|
₹3790 to 3840 |
|
Gujarat |
₹3555 to 3591 |
₹3581 to 3681 |
|
Tamil Nadu |
₹3700 to 3850 |
₹3760 to 3950 |
|
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 Nov, 15 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,042.50 |
|
Kanpur |
M/30 |
₹4,011.00 |
|
Kolhapur |
M/30 |
₹3,738.00 |
|
Kolkata |
M/30 |
₹4,063.50 |
|
Muzaffarnagar |
M/30 |
₹4,005.75 |
|
Ahmedabad |
M/30 |
₹3,895.50 |
|
Bangalore |
M/30 |
₹3,948.00 |
|
Chennai |
M/30 |
₹4,053.00 |
