Daily Sugar Market Update By Vizzie – 14/12/2024

ChiniMandi, Mumbai: 14th Dec 2024

Domestic Market

Domestic prices traded stable.

Domestic sugar prices in major marketplaces were observed to be unchanged overall. Despite the price drop, demand remains low, with purchasers remaining need-based since the beginning of crushing activity. Almost all mills are functioning in Karnataka and Uttar Pradesh, and more than 180 have started crushing operations in Maharashtra, which should keep pricing under control. Due to restricted cane availability in Maharashtra, fewer mills are projected to run this season. S-grade sugar in Kolhapur costs Rs 3,310-3,360 per quintal, whereas M-grade sugar in Muzaffarnagar costs Rs 3,680-3,720. Agrimandi.live expects that the price of Kolhapur S-grade sugar would be between Rs 3,300 and Rs 3,400 per quintal in the near future.

Ex-mill Sugar Prices as on┬а Dec, 14 2024 :┬а

State

S/30┬а

[Rates per Quintal]┬а

M/30

[Rates per Quintal]┬а

Maharashtra

тВ╣3330 to 3370

тВ╣3420 to 3450

South Karnataka

тВ╣3430 to 3500

тВ╣3550

Uttar Pradesh

тВ╣3660 to 3710

Gujarat

тВ╣3411 to 3461

тВ╣3481 to 3511

Tamil Nadu

тВ╣3625 to 3700

тВ╣3700 to 3775

Madhya Pradesh

тВ╣3700 to 3720

тВ╣3750 to 3820

Punjab

тВ╣3710 to 3900

(All the above rates are excluding GST)

Destination-wise Spot Prices as on┬а Dec, 14 2024 :┬а

City┬а

Grade┬а

Rate┬а

Delhi

M/30

тВ╣3,927.00

Kanpur

M/30

тВ╣3,890.25

Kolhapur

M/30

тВ╣3,601.50

Kolkata

M/30

тВ╣3,937.50

Muzaffarnagar

M/30

тВ╣3,885.00

Ahmedabad

M/30

тВ╣3,748.50

Bengaluru

M/30

тВ╣3,801.00

Chennai

M/30

тВ╣3,916..50

 

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