Daily Sugar Market Update By Vizzie – 14/10/2023

ChiniMandi, Mumbai: 14th October 2023

Domestic Market

Domestic sugar prices traded stable

After a weak start in the morning session, prices in the major domestic markets have been reported to be stable in the major centers. However, due to the delayed start of the crushing season and the upcoming festive season, prices are expected to trade higher. Demand is reported to be subdued in today’s session.

In Kolhapur, S-grade sugar quintals cost between Rs. 3,650 and 3,690, while M-grade sugar costs between Rs. 3,880 and 3,910. AgriMandi.live estimates that S grade sugar will cost between Rs 3,620 and Rs 3,700 in Kolhapur markets.

Ex-mill Sugar Prices as on October, 14 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3660 to 3710

₹3760 to 3810

Karnataka

₹3700

₹3750

Uttar Pradesh

₹3800 to 3930

Gujarat

₹3721 to 3780

₹3805 to 3850

Tamil Nadu

₹3700 to 3800

₹3800 to 3850

Madhya Pradesh

₹3850 to 3860

₹3920 to 3930

Punjab

₹3950 to 4150

(All the above rates are excluding GST)

Destination-wise Spot Prices as on October, 14 2023 :

City

Grade

Rate

Delhi

M/30

₹4,137.00

Kanpur

M/30

₹4,100.25

Kolhapur

M/30

₹3,969.00

Kolkata

M/30

₹4,147.50

Muzaffarnagar

M/30

₹4,110.75

News Round-Up

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Ministry of Agriculture and Farmers Welfare constitutes screening committee to evaluate innovative solutions that directly impact well-being of farmers

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Sugarcane farmers refuse to supply sugarcane to sugar mill

BKU members express dissatisfaction over sugar mill’s preparations

BKU members express dissatisfaction over sugar mill’s preparations

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Brazil’s ethanol technology to help India to lower crude oil imports

India extends 20% export duty on parboiled rice till March

India extends 20% export duty on parboiled rice till March

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