Daily Sugar Market Update By Vizzie – 09/11/2024

ChiniMandi, Mumbai: 9th Nov 2024

Domestic Market

Domestic sugar prices continue to trade weakly.

Sugar prices in Uttar Pradesh and Maharashtra’s main markets have dropped another Rs 10 per quintal. Demand is said to be dull, with buyers going hand-to-mouth once crushing activity begins. Crushing has started in Uttar Pradesh, and a few mills will start today in Karnataka and Maharashtra in the third week of the month. State assembly elections in Maharashtra are expected to postpone the crushing by 20тАУ25 days more than normal in the current season.

M-grade sugar in Muzaffarnagar costs Rs 3,840-3,890 per quintal, whereas S-grade sugar in Kolhapur costs Rs 3,460-3,530. Agrimandi.live predicts: Prices for Kolhapur S-grade sugar are expected to rise to Rs 3,400-3,560 per quintal in the coming days.

Ex-mill Sugar Prices as on┬а┬аNov, 09 2024 :┬а

State

S/30┬а

[Rates per Quintal]┬а

M/30

[Rates per Quintal]┬а

Maharashtra

тВ╣3450 to 3510

тВ╣3530 to 3590

South Karnataka

тВ╣3610 to 3775

тВ╣3670 to 3825

Uttar Pradesh

тВ╣3830 to 3880

Gujarat

тВ╣3581 to 3621

тВ╣3641 to 3741

Tamil Nadu

тВ╣3800 to 3925

тВ╣3925 to 4025

Madhya Pradesh

тВ╣3700 to 3720

тВ╣3750 to 3820

Punjab

тВ╣3950 to 4050

(All the above rates are excluding GST)

Destination-wise Spot Prices as on┬а┬аNov, 09 2024 :┬а

City┬а

Grade┬а

Rate┬а

Delhi

M/30

тВ╣4,105.50

Kanpur

M/30

тВ╣4,074.00

Kolhapur

M/30

тВ╣3,769.50

Kolkata

M/30

тВ╣4,126.50

Muzaffarnagar

M/30

тВ╣4,068.75

Ahmedabad

M/30

тВ╣3,927.00

Banglore

M/30

тВ╣3,979.50

Chennai

M/30

тВ╣4,084.50

 

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