ChiniMandi, Mumbai: 27th April 2024
Domestic Market
Weak sentiment reported in Domestic sugar prices
Domestic sugar prices in the major markets traded lower on higher quota than expected. Market participants were expecting a quota of 25.0 lakh tons but, the Food Ministry has released a quota of 27.0 lakh tons for the month of May 2024, which is 2.0 lakh tons higher than in April 2024 and 3.0 lakh tons higher than the same month last year.
In Muzaffarnagar, M-grade sugar ranged between Rs 3,850 and Rs 3,870 per quintal, whereas S-grade sugar is trading between Rs 3,500 and Rs 3,540. Agrimandi expects the price of S grade sugar in the Kolhapur market to fall to between Rs 3,460 and Rs 3,580 per quintal within the next two weeks.
Ex-mill Sugar Prices as on April, 27 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3515 to 3535 |
₹3595 to 3615 |
|
Karnataka |
₹3800 |
– |
|
Uttar Pradesh |
|
₹3860 to 3880 |
|
Gujarat |
₹3595 to 3630 |
₹3695 to 3740 |
|
Tamil Nadu |
₹3800 to 3950 |
₹3860 |
|
Madhya Pradesh |
₹3700 to 3760 |
₹3780 to 3820 |
|
Punjab |
₹3950 to 4010 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 27 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,100.25 |
|
Kanpur |
M/30 |
₹4,058.25 |
|
Kolhapur |
M/30 |
₹3,811.50 |
|
Kolkata |
M/30 |
₹4,126.50 |
|
Muzaffarnagar |
M/30 |
₹4,053.00 |
News Round-Up
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