ChiniMandi, Mumbai: 18th Jan 2025
Domestic Market
Domestic sugar prices were stable
After a sharp increase, domestic sugar prices in major markets have reported to be stable in today’s session. In addition to rumors about increasing the sugar MSP and ethanol prices, there are also rumors that the government may allow exports.
If there is increase in MSP or exports are allowed then the sugar prices will rally sharply as balance is already tighter.
S-grade sugar in Kolhapur costs Rs 3,480 to 3,520 per quintal, whereas M-grade sugar in Muzaffarnagar costs Rs 3,895 to 3,960. Agrimandi.live predicts that the price of Kolhapur S-grade sugar will fall between Rs 3,440 and Rs 3,550 per quintal in the near future. If sugar MSP rises, the range may change accordingly.
Ex-mill Sugar Prices as on Jan, 18 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3500 to 3575 |
₹3600 to 3665 |
|
South Karnataka |
₹3675 to 3710 |
₹3700 to 3760 |
|
Uttar Pradesh |
|
₹3895 to 3960 |
|
Gujarat |
₹3651 to 3671 |
₹3751 to 3771 |
|
Tamil Nadu |
₹3800 to 3900 |
₹3875 to 3975 |
|
Madhya Pradesh |
₹3740 to 3770 |
₹3790 to 3820 |
|
Punjab |
₹3990 to 4061 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 18 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,158.00 |
|
Kanpur |
M/30 |
₹4,121.25 |
|
Kolhapur |
M/30 |
₹3,790.50 |
|
Kolkata |
M/30 |
₹4,189.50 |
|
Muzaffarnagar |
M/30 |
₹4,116.00 |
|
Ahmedabad |
M/30 |
₹3,958.50 |
|
Bangaluru |
M/30 |
₹4,011.00 |
|
Chennai |
M/30 |
₹4,168.50 |
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