ChiniMandi, Mumbai: 17th June 2023
Domestic Market
Sugar prices steady on good demand
Sugar prices in major markets remained stable due to strong demand, despite light trading activity. Prices in Kolhapur’s major markets (S grade) remained stable in the Rs 3,385-3,440 range, while Muzaffarnagar (M grade) prices fell by Rs 10-20 per quintal, ranging from Rs 3,640 to Rs 3,660.
According to Agrimandi.live, prices are expected to trade stable to firm due to strong demand. In the near future, prices in the Kolhapur markets are expected to trade near Rs 3,480 per quintal, with a support level of Rs 3,360 per quintal. Stagnant monsoon movement over the last 8-9 days is expected to support prices in the coming week.
However, rainfall activity is expected to increase beginning in the third week of June, with forecasts indicating moderate to heavy rains over major cane growing belts.
Ex-mill Sugar Prices as on June, 17 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3385 to 3415 |
₹3485 to 3515 |
|
Karnataka |
₹3625 to 3650 |
– |
|
Uttar Pradesh |
|
₹3610 to 3735 |
|
Gujarat |
₹3461 to 3501 |
₹3561 to 3581 |
|
Tamil Nadu |
₹3610 to 3700 |
₹3690 |
|
Madhya Pradesh |
₹3580 to 3610 |
₹3605 to 3660 |
|
Punjab |
₹3710 to 3761 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 17 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3906.00 |
|
Kanpur |
M/30 |
₹3853.50 |
|
Kolhapur |
M/30 |
₹3696.00 |
|
Kolkata |
M/30 |
₹3948.00 |
|
Muzaffarnagar |
M/30 |
₹3843.00 |
News Round-Up
eBuySugar.com Founder, CEO Uppal Shah and MD Hemant Shah honoured with ‘Business Titans of India’ Award in Dubai
Farmers asked to take precaution of sugarcane from pest attack
Farmers asked to take precaution of sugarcane from pest attack
Delay in rainfall likely to affect cane production in Maharashtra
Delay in rainfall likely to affect cane production in Maharashtra
Schools in Patna to remain closed till June 24 as heatwave looms
Schools in Patna to remain closed till June 24 as heatwave looms
Mysugar mill starts cane crushing operations
