Daily Sugar Market Update By Vizzie – 13/05/2023

ChiniMandi, Mumbai: 13th May 2023

Domestic Market

Steady to weak sentiment reported across the markets

Domestic sugar prices at major markets reported steady to weak. Prices quotes steady at Kolhapur and Kolkata while fell in Muzaffarnagar, Kanpur and Delhi by Rs 5 per Qtl.

Sugar prices at Kolhapur (S grade) traded in the range of Rs 3,375-3,430 per Qtl while in Muzaffarnagar (M Grade), prices were in the range of Rs 3,590-3,610 per Qtl.

Ex-mill Sugar Prices as on  May, 13 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3390 to 3410

₹3490 to 3520

Karnataka

₹3530 to 3575

₹3600 to 3625

Uttar Pradesh

₹3600 to 3675

Gujarat

₹3425 to 3461

₹3505 to 3531

Tamil Nadu

₹3535 to 3620

₹3620 to 3700

Madhya Pradesh

₹3565 to 3605

₹3635 to 3675

Punjab

₹3690 to 3721

(All the above rates are excluding GST)

Destination-wise Spot Prices as on May, 13 2023 :

City

Grade

Rate

Delhi

M/30

₹3,848.25

Kanpur

M/30

₹3,795.75

Kolhapur

M/30

₹3,680.25

Kolkata

M/30

₹3,979.50

Muzaffarnagar

M/30

₹3,774.75

News Round-Up

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Tikaula sugar mill makes 100 per cent cane payment

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Minister advocates diversifying cropping pattern by sowing sugarcane

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Process of Sanjivani mill’s ethanol project to be completed by June

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Cuba’s sugar industry struggles to make comeback amidst significant challenges

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