ChiniMandi, Mumbai: 16th March 2024
Domestic Market
Domestic sugar prices continued to trade weak
Domestic sugar prices are reported to be weak for the second session due to lower demand. Furthermore, slower mill closures are putting downward pressure on domestic sugar prices. Prices have dropped by Rs 10 per quintal in the major markets.
Indian Sugar production as on 15 March was reported at 28 MMT lower by 1.4% y/y. M-grade sugar in Muzaffarnagar ranges between Rs 3,760 and Rs 3,800 per quintal, whereas S-grade sugar in Kolhapur is expected to cost between Rs 3,430 and Rs 3,470. Agrimandi expects the price of S grade sugar in the Kolhapur market to fall to between Rs 3,400 and Rs 3,480 per quintal within the next two weeks. Sugar grades in Solapur range between Rs 3,360 and Rs 3,400 per quintal.
Ex-mill Sugar Prices as on March, 16 2024 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3420 to 3470 |
โน3500 to 3550 |
|
Karnataka |
โน3600 |
– |
|
Uttar Pradesh |
|
โน3770 to 3800 |
|
Gujarat |
โน3481 to 3521 |
โน3531 to 3581 |
|
Tamil Nadu |
โน3600 to 3680 |
โน3675 to 3700 |
|
Madhya Pradesh |
โน3700 to 3720 |
โน3750 to 3770 |
|
Punjab |
โน3825 to 3880 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on March, 16 2024 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
โน4,021.50 |
|
Kanpur |
M/30 |
โน3,969.00 |
|
Kolhapur |
M/30 |
โน3,738.00 |
|
Kolkata |
M/30 |
โน4,000.50 |
|
Muzaffarnagar |
M/30 |
โน3,963.75 |
News Round-Up
From the Editorโs desk- Reframing sugar: Understanding its role in health and culture
From the Editorโs desk- Reframing sugar: Understanding its role in health and culture
Agriculture department initiates steps to relocate sugarcane parasite breeding centre to Gobichettipalayam
Researchers from Japan and Brazil to study use of ethanol to raise crop resilience
Researchers from Japan and Brazil to study use of ethanol to raise crop resilience
