ChiniMandi, Mumbai: 10th February 2024
Domestic Market
Sugar prices are reported to be stable for the second session
Domestic sugar prices were reported to be steady for the second session on good demand at lower price levels. According to reports, prices are weighing due to as crushing is progressing well in comparison to market expectations indicating higher sugar production than initially anticipated.
Crushing is in Maharashtra is going well with only four mills closing operations in Maharashtra when compared to six during last season.
According to reports, the price of S-grade sugar in Kolhapur ranged between Rs 3,440 and Rs 3,500 per quintal, whereas M-grade sugar in Muzaffarnagar was priced between Rs 3,740 and Rs 3,800. According to Agrimandi, the cost of S grade sugar in the Kolhapur market is expected to range between Rs 3,400 and Rs 3,550 per quintal in the coming two weeks. Prices in Solapur, however, were reported to be between Rs 3,380 and Rs 3,420 per quintal.
Ex-mill Sugar Prices as on February, 10 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3410 to 3450 |
₹3500 to 3530 |
|
Karnataka |
₹3670 to 3700 |
₹3700 to 3750 |
|
Uttar Pradesh |
|
₹3745 to 3800 |
|
Gujarat |
₹3561 to 3601 |
₹3631 to 3661 |
|
Tamil Nadu |
₹3625 to 3900 |
₹3825 to 3950 |
|
Madhya Pradesh |
₹3710 to 3720 |
₹3750 to 3770 |
|
Punjab |
₹3850 to 3880 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on February, 10 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹3,984.75 |
|
Kanpur |
M/30 |
₹3,937.50 |
|
Kolhapur |
M/30 |
₹3,764.25 |
|
Kolkata |
M/30 |
₹3,995.25 |
|
Muzaffarnagar |
M/30 |
₹3,932.25 |
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