ChiniMandi, Mumbai: 7th Dec 2024
Domestic Market
Domestic sugar prices were trade stable
After a drastic fall, domestic sugar prices in major markets were reported to be stable for the second session. Prices have dropped by Rs 200-250 per quintal from their recent peak, primarily due to a lack of demand during the initial stages of crushing activity. Demand remains weak despite the price fall, with buyers remaining need-based since the start of crushing activity across the states. Almost all mills are operational in Karnataka and Uttar Pradesh, and over 143 have begun crushing operations in Maharashtra, which should keep prices in check.
S-grade sugar in Kolhapur costs Rs 3,340-3,390 per quintal, whereas M-grade sugar in Muzaffarnagar costs Rs 3,660-3,700. Agrimandi.live predicts that the price of Kolhapur S-grade sugar will range from Rs 3,320 to Rs 3,450 per quintal in the near future.
Ex-mill Sugar Prices as onย Dec, 07 2024 :ย
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3330 to 3370 |
โน3420 to 3450 |
|
South Karnataka |
โน3480 to 3550 |
โน3540 to 3600 |
|
Uttar Pradesh |
|
โน3650 to 3710 |
|
Gujarat |
โน3431 to 3485 |
โน3531 to 3601 |
|
Tamil Nadu |
โน3625 to 3750 |
โน3685 to 3825 |
|
Madhya Pradesh |
โน3700 to 3720 |
โน3750 to 3820 |
|
Punjab |
โน3950 to 4050 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as onย Dec, 07 2024 :ย
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
โน3,906.00 |
|
Kanpur |
M/30 |
โน3,864.00 |
|
Kolhapur |
M/30 |
โน3,633.00 |
|
Kolkata |
M/30 |
โน3,916.50 |
|
Muzaffarnagar |
M/30 |
โน3,864.00 |
|
Ahmedabad |
M/30 |
โน3,769.50 |
|
Banglore |
M/30 |
โน3,822.00 |
|
Chennai |
M/30 |
โน3,937.50 |
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