ChiniMandi, Mumbai: 25th November 2023
Domestic Market
Stable sentiment continued for a week in Domestic sugar prices
Sugar prices have been reported to be stable in the major domestic markets for the week. According to reports, demand is reported to be good. Previous season sugar prices are trading at a discount of Rs 40-50 per quintal compared to new season.
Meanwhile, Food Ministry has allocated the quota of 24.0 lakh tons for the month of December, higher by 1.0 lakh tons when compared to November. As prices are cooling off, higher quota is likely to pressurize the sugar prices in the near term.
In Kolhapur, S-grade sugar is trading between Rs 3,630 and Rs 3,660 per quintal, while M-grade sugar in Muzaffarnagar is ranging between Rs 3,980 and Rs 4,040. According to Agrimandi, S grade sugar will trade in Kolhapur markets for between Rs 3,600 and Rs 3,720 over the next two weeks.
Ex-mill Sugar Prices as on November, 25 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3650 to 3750 |
₹3750 to 3850 |
|
Karnataka |
₹3660 to 3715 |
₹3765 |
|
Uttar Pradesh |
|
₹3830 to 3935 |
|
Gujarat |
₹3691 to 3731 |
₹3771 to 3811 |
|
Tamil Nadu |
₹3800 to 3850 |
₹3850 to 3875 |
|
Madhya Pradesh |
₹3845 to 3855 |
₹3900 to 3925 |
|
Punjab |
₹3900 to 4201 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on November, 25 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,231.50 |
|
Kanpur |
M/30 |
₹4,189.50 |
|
Kolhapur |
M/30 |
₹3,927.00 |
|
Kolkata |
M/30 |
₹4,210.50 |
|
Muzaffarnagar |
M/30 |
₹4,189.50 |
News Round-Up
Production of ethanol from maize to be promoted through various multidepartment initiatives
Production of ethanol from maize to be promoted through various multidepartment initiatives
BSF Meghalaya thwarts cross-border sugar smuggling attempt
Maharashtra: Police file case against Raju Shetti and 2,500 others for blocking highway to demand additional cane payment
Emirates become world’s first airline to operate A380 demonstration flight using 100% Sustainable Aviation Fuel
Government announces mandatory blending of compressed bio-gas in CNG & PNG segments of CGD sector
Government announces mandatory blending of compressed bio-gas in CNG & PNG segments of CGD sector
