Sugar prices continue to trade lower
Domestic sugar prices remained weak, with reports indicating a Rs 5 per quintal drop except in Kolhapur. Prices have fallen as a result of the government’s decision to prohibit exports. Furthermore, rainfall activity was reported to be good, putting pressure on sugar prices as crop conditions improve in Maharashtra and South India.
M-grade sugar in Muzaffarnagar is priced between Rs 3,830 and Rs 3,850 per quintal, while S-grade sugar in Kolhapur ranges between Rs 3,570 and Rs 3,610. Agrimandi expects the price of S grade sugar in the Kolhapur market to fall between Rs 3,540 and Rs 3,660 per quintal over the next two weeks.
Ex-mill Sugar Prices as on June, 29 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3580 to 3610 |
₹3660 to 3700 |
|
Karnataka |
₹3770 to 3775 |
– |
|
Uttar Pradesh |
|
₹3830 to 3850 |
|
Gujarat |
₹3585 to 3621 |
₹3685 to 3711 |
|
Tamil Nadu |
₹3820 to 3850 |
– |
|
Madhya Pradesh |
₹3720 to 3780 |
₹3750 to 3800 |
|
Punjab |
₹3975 to 4060 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 29 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,074.00 |
|
Kanpur |
M/30 |
₹4,032.00 |
|
Kolhapur |
M/30 |
₹3,853.50 |
|
Kolkata |
M/30 |
₹4,095.00 |
|
Muzaffarnagar |
M/30 |
₹4,032.00 |
|
Ahmedabad |
M/30 |
₹3,969.00 |
|
Banglore |
M/30 |
₹3,953.25 |
|
Chennai |
M/30 |
₹4,079.25 |
