ChiniMandi, Mumbai: 30th September 2023
Domestic Market
Steady sentiment witnessed in domestic prices after weak sessions
Domestic sugar prices are reported stable after falling for two sessions. Demand is reported to be dull from stockists and retailers. Furthermore, good rainfall activity in Maharashtra’s and Karnataka’s major growing regions also keeps prices under check.
S-grade sugar ranged between Rs. 3,630 and 3,660 per quintal in Kolhapur, while M-grade sugar ranged between Rs. 3,820 and 3,850 per quintal in Muzaffarnagar. Agrimandi estimates that S grade sugar will trade between Rs 3,620 and Rs 3,700 in Kolhapur markets.
Ex-mill Sugar Prices as on September, 30 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3590 to 3630 |
₹3690 to 3730 |
|
Karnataka |
₹3650 to 3700 |
₹3750 |
|
Uttar Pradesh |
|
₹3815 to 3920 |
|
Gujarat |
₹3641 |
₹3701 to 3761 |
|
Tamil Nadu |
₹3690 to 3825 |
₹3800 to 3850 |
|
Madhya Pradesh |
₹3775 to 3790 |
₹3845 to 3860 |
|
Punjab |
₹3915 to 4041 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on September, 30 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,053.00 |
|
Kanpur |
M/30 |
₹4,011.00 |
|
Kolhapur |
M/30 |
₹3,927.00 |
|
Kolkata |
M/30 |
₹4,116.00 |
|
Muzaffarnagar |
M/30 |
₹4,021.50 |
News Round-Up
Nepal may face sugar shortage ahead of festival season
WDRA signs MoU with Bank of India to facilitate low interest rate loans to farmers and traders
WDRA signs MoU with Bank of India to facilitate low interest rate loans to farmers and traders
Punjab: Administration to take stern action against sugar mill for not paying cane dues
Punjab: Administration to take stern action against sugar mill for not paying cane dues
Nepal: Sugar shortage likely due to delayed import process
Punjab: Farmers in Amritsar continue ‘Rail Roko Andolan’ over MSP demands
Punjab: Farmers in Amritsar continue ‘Rail Roko Andolan’ over MSP demands
