Daily Sugar Market Update By Vizzie – 28/12/2024

ChiniMandi, Mumbai: 28th Dec 2024

Domestic Market

Domestic prices continue to trade higher

After a sharp drop, sugar prices in major markets rebounded for the third session, rising by another Rs 20-30 per quintal due to lower quota allocation. The Food Ministry has allocated a monthly quota of 22.5 lakh tons, which is 0.5 lakh tons less than the same month last year but higher by the same amount as the previous month. However, as

S-grade sugar in Kolhapur costs Rs 3,370-3,400 per quintal, whereas M-grade sugar in Muzaffarnagar costs Rs 3,780-3,840. Agrimandi.live predicts that the price of Kolhapur S-grade sugar will fall between Rs 3,260 and Rs 3,400 per quintal in the near future.

Ex-mill Sugar Prices as onย  Dec, 28 2024 :ย 

State

S/30ย 

[Rates per Quintal]ย 

M/30

[Rates per Quintal]ย 

Maharashtra

โ‚น3370 to 3410

โ‚น3450 to 3480

South Karnataka

โ‚น3550 to 3625

โ‚น3675

Uttar Pradesh

โ‚น3790 to 3840

Gujarat

Old: โ‚น3405 to 3501

New: โ‚น3501 to 3541

Old: โ‚น3490 to 3581

New: โ‚น3601 to 3641

Tamil Nadu

โ‚น3675 to 3800

โ‚น3735 to 3825

Madhya Pradesh

โ‚น3560 to 3590

โ‚น3630 to 3680

Punjab

โ‚น3850 to 3900

(All the above rates are excluding GST)

Destination-wise Spot Prices as onย  Dec, 28 2024 :ย 

Cityย 

Gradeย 

Rateย 

Delhi

M/30

โ‚น4,032.00

Kanpur

M/30

โ‚น4,000.50

Kolhapur

M/30

โ‚น3,664.50

Kolkata

M/30

โ‚น4,042.50

Muzaffarnagar

M/30

โ‚น3,995.25

Ahmedabad

M/30

โ‚น3,822.00

Bangaluru

M/30

โ‚น3,874.50

Chennai

M/30

โ‚น4,000.50

News Round-Up

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Ireland: Department of Health seeks 27% tax hike on sugary drinks

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Coimbatore-based start-up looks at guava seeds for biodiesel, biomass production

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Scientists develop powdered form of sugarcane juice

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