Daily Sugar Market Update By Vizzie – 04/11/2023

ChiniMandi, Mumbai: 4th November 2023

Domestic Market

Domestic sugar prices reported to be stable

Sugar prices in the major domestic market are said to be stable following a weak session. Demand is said to be strong at lower price levels, which is supporting spot market prices. Diwali demand is likely to support prices at the beginning of the next week.

In Kolhapur, S-grade sugar costs between Rs. 3,650 and Rs. 3,700 per quintal, while M-grade sugar costs between Rs. 3,950 and Rs. 3,980. According to Agrimandi.live, S grade sugar will trade for between Rs 3,600 and Rs 3,720 in Kolhapur markets over the next two weeks.

Ex-mill Sugar Prices as on November, 04 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

โ‚น3620 to 3670

โ‚น3720 to 3770

Karnataka

โ‚น3690 to 3710

โ‚น3760

Uttar Pradesh

โ‚น3885 to 3960

Gujarat

โ‚น3671 to 3701

โ‚น3751 to 3781

Tamil Nadu

โ‚น3755 to 3850

โ‚น3830 to 3900

Madhya Pradesh

โ‚น3855 to 3870

โ‚น3925 to 3940

Punjab

โ‚น4020 to 4230

(All the above rates are excluding GST)

Destination-wise Spot Prices as on November, 04 2023 :

City

Grade

Rate

Delhi

M/30

โ‚น4,179.00

Kanpur

M/30

โ‚น4,147.50

Kolhapur

M/30

โ‚น3,958.50

Kolkata

M/30

โ‚น4,200.00

Muzaffarnagar

M/30

โ‚น4,147.50

News Round-Up

Baghpat: Sugarcane crushing season begins in sugar mills

Baghpat: Sugarcane crushing season begins in sugar mills

Tamil Nadu: Farmers thank government for timely release of sugarcane incentive

Tamil Nadu: Farmers thank government for timely release of sugarcane incentive

Sugarcane farmers warn of launching protest if Palwal Co-operative sugar mill fails to start operations by November 8

Sugarcane farmers warn of launching protest if Palwal Co-operative sugar mill fails to start operations by November 8

External Affairs Minister appreciates Italy for joining Global Biofuels Alliance

External Affairs Minister appreciates Italy for joining Global Biofuels Alliance

Punjab: Fines imposed on farmers in Punjabโ€™s Faridkot over stubble burning

Punjab: Fines imposed on farmers in Punjab’s Faridkot over stubble burning

LEAVE A REPLY

Please enter your comment!
Please enter your name here