Daily Sugar Market Update By Vizzie – 21/10/2023

ChiniMandi, Mumbai: 21st October 2023

Domestic Market

Domestic sugar prices have remained stable.

Due to weak demand, sugar prices in the major domestic market are expected to remain stable for the second session. Despite the beginning of the holiday season, demand is said to be low. Prices are expected to trade firmer in the short term due to market tightness and the delay in the start of crushing.

In Kolhapur, S-grade sugar costs between Rs. 3,640 and 3,680 per quintal, while M-grade sugar costs between Rs. 3,870 and 3,900 per quintal in Muzaffarnagar. According to Agrimandi.live, S grade sugar will cost between Rs 3,620 and Rs 3,700 in Kolhapur markets.

Ex-mill Sugar Prices as on October, 21 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3620 to 3680

₹3720 to 3780

Karnataka

₹3650 to 3675

₹3725 to 3730

Uttar Pradesh

₹3850 to 3945

Gujarat

₹3690 to 3761

₹3770 to 3801

Tamil Nadu

₹3700 to 3825

₹3875

Madhya Pradesh

₹3835 to 3845

₹3905 to 3915

Punjab

₹3970 to 4180

(All the above rates are excluding GST)

Destination-wise Spot Prices as on October, 21 2023 :

City

Grade

Rate

Delhi

M/30

₹4,126.50

Kanpur

M/30

₹4,084.50

Kolhapur

M/30

₹3,958.50

Kolkata

M/30

₹4,137.00

Muzaffarnagar

M/30

₹4,100.25

News Round-Up

Azamgarh: Kisan sugar mill to begin crushing season in November

Azamgarh: Kisan sugar mill to begin crushing season in November

Saraswati sugar mill to begin crushing on October 31

Saraswati sugar mill to begin crushing on October 31

Philippines: SRA plans to impose SRP, sugar warehouse inspection

Philippines: SRA plans to impose SRP, sugar warehouse inspection

ESY 2023-24: Oil Marketing Companies invite bid for 825 crore litres of ethanol

ESY 2023-24: Oil Marketing Companies invite bid for 825 crore litres of ethanol

Abu Dhabi’s Mubadala increases stake in Brazilian ethanol producer Atvos

Abu Dhabi’s Mubadala increases stake in Brazilian ethanol producer Atvos

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