Daily Sugar Market Update By Vizzie – 03/08/2024

ChiniMandi, Mumbai: 3rd Aug 2024

Domestic Market

Steady sentiment witnessed in domestic sugar prices

Domestic sugar prices in major markets were reported to be stable. At higher price points, demand is reported to be average. Lower monthly quotas have caused sharp rise in prices in Uttar Pradesh and Maharashtra by Rs 150-180 and Rs 100-120 per quintal, respectively, over the last week.

In Kolhapur, the price range for S-grade sugar was Rs 3,670 to 3,710 per quintal, while in Muzaffarnagar, the price range was Rs 3,950 to 4,000. Agrimandi predicts that the price of S grade sugar in the Kolhapur market will range between Rs 3,620 and Rs 3,750 per quintal over the next two weeks.

Ex-mill Sugar Prices as onย ย Aug, 03 2024 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3630 to 3680

โ‚น3710 to 3760

Karnataka

โ‚น3875 to 3880

Uttar Pradesh

โ‚น3950 to 4010

Gujarat

ย  ย  ย  ย  โ‚น3675 to 3706

ย  ย  ย  ย  ย  ย  โ‚น3775 to 3806

Tamil Nadu

โ‚น3900 to 4050

โ‚น4050 to 4150

Madhya Pradesh

โ‚น3670 to 3685

โ‚น3745 to 3785

Punjab

โ‚น3840 to 3920

(All the above rates are excluding GST)

Destination-wise Spot Prices as onย ย Aug, 03 2024 :

City

Grade

Rate

Delhi

M/30

โ‚น4,221.00

Kanpur

M/30

โ‚น4,158.00

Kolhapur

M/30

โ‚น3,948.00

Kolkata

M/30

โ‚น4,252.50

Muzaffarnagar

M/30

โ‚น4,158.00

Ahmedabad

M/30

โ‚น4,063.50

Banglore

M/30

โ‚น4,084.50

Chennai

M/30

โ‚น4,221.00

 

News Round-Up

We are rapidly moving towards achieving 20 per cent ethanol blending target in petrol: PM Modi

We are rapidly moving towards achieving 20 per cent ethanol blending target in petrol: PM Modi

 

From the Editorโ€™s desk: Government seems confident of achieving 20% ethanol blending target by 2025

 

CM announces decision to reopen Pondicherry cooperative sugar mill with private participation for ethanol and sugar production

 

 

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