ChiniMandi, Mumbai: 23rd March 2024
Domestic Market
Domestic sugar prices reported weaker
Domestic sugar prices were reported to be weak after remaining stable for a session. Prices in the major markets reported to be lower by Rs 5-10 per quintal. Demand is reported to be dull as buyers are covered for festive season. Moreover, given the extended crushing season in Maharashtra, prices are likely to remain weak in the coming days.
M-grade sugar in Muzaffarnagar ranges between Rs 3,760 and Rs 3,790 per quintal, whereas S-grade sugar in Kolhapur is expected to cost between Rs 3,410 and Rs 3,440. Agrimandi predicts that the price of S grade sugar in the Kolhapur market will fall to between Rs 3,400 and Rs 3,480 per quintal within the next two weeks. Sugar prices in Solapur range from Rs 3,360 to Rs 3,400 per quintal.
Ex-mill Sugar Prices as on March, 23 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3420 to 3470 |
₹3500 to 3550 |
|
Karnataka |
₹3600 |
– |
|
Uttar Pradesh |
|
₹3760 to 3790 |
|
Gujarat |
₹3481 to 3521 |
₹3531 to 3581 |
|
Tamil Nadu |
₹3575 to 3660 |
₹3660 |
|
Madhya Pradesh |
₹3700 to 3720 |
₹3750 to 3770 |
|
Punjab |
₹3825 to 3880 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 23 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,000.50 |
|
Kanpur |
M/30 |
₹3,953.25 |
|
Kolhapur |
M/30 |
₹3,717.00 |
|
Kolkata |
M/30 |
₹3,979.50 |
|
Muzaffarnagar |
M/30 |
₹3,948.00 |
News Round Up
FSSAI heightens food safety vigilance during festival season
Nigeria’s sugar industry requires $3.5 billion investment: NSDC
From the Editor’s desk- India’s declining water reserves: Urgent action needed to avert crisis
Water storage level continues to dip in major agriculture States
