Daily Sugar Market Update By Vizzie – 28/10/2023

ChiniMandi, Mumbai: 28th October 2023

Domestic Market

Domestic sugar prices reported to be stable

Sugar prices in the major domestic market have remained stable after rising due to strong festive demand coupled with short supply. Prices in the major markets are trading at multi-year highs due to tighter supply.

In Kolhapur, S-grade sugar costs between Rs. 3,680 and 3,740 per quintal, while M-grade sugar costs between Rs. 3,980 and 4,020 per quintal.

According to Agrimandi.live, S grade sugar in Kolhapur markets is expected to trade between Rs 3,650 and Rs 3,750 in the next two weeks

Ex-mill Sugar Prices as on October, 28 2023 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

тВ╣3650 to 3700

тВ╣3750 to 3800

Karnataka

тВ╣3670 to 3710

тВ╣3760

Uttar Pradesh

тВ╣3975 to 4035

Gujarat

тВ╣3690 to 3761

тВ╣3770 to 3801

Tamil Nadu

тВ╣3770 to 3850

тВ╣3830 to 3900

Madhya Pradesh

тВ╣3890 to 3905

тВ╣3960 to 3975

Punjab

тВ╣4040 to 4251

(All the above rates are excluding GST)

Destination-wise Spot Prices as on October, 28 2023 :

City

Grade

Rate

Delhi

M/30

тВ╣4,210.50

Kanpur

M/30

тВ╣4,179.00

Kolhapur

M/30

тВ╣4,000.50

Kolkata

M/30

тВ╣4,242.00

Muzaffarnagar

M/30

тВ╣4,189.50

News Round-Up

Record crop: Sugar mills in Brazil to extend sugarcane crushing operations

Record crop: Sugar mills in Brazil to extend sugarcane crushing operations

Punjab: Bhagwanpura sugar mill on the verge of shutting down

Punjab: Bhagwanpura sugar mill on the verge of shutting down

Punjab: Bhogpur sugar mill generating electricity from paddy stubble

Punjab: Bhogpur sugar mill generating electricity from paddy stubble

Punjab: Bhogpur sugar mill generating electricity from paddy stubble

Punjab: Bhogpur sugar mill generating electricity from paddy stubble

BPCL posts highest ever half-yearly profit of Rs 19,052 crores

BPCL posts highest ever half-yearly profit of Rs 19,052 crores

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