Daily Sugar Market Update By Vizzie – 30/03/2024

ChiniMandi, Mumbai: 30th March 2024

Domestic Market

Domestic sugar prices continued to be stable.

Domestic sugar prices in major markets remained stable for the third session, owing to higher monthly sales quotas. Demand is said to be dull, which keeps prices in check.

In Muzaffarnagar, M-grade sugar is priced between Rs 3,760 and Rs 3,790 per quintal, while S-grade sugar is expected to cost between Rs 3,400 and Rs 3,440. Agrimandi anticipates that the price of S grade sugar in the Kolhapur market will fall to between Rs 3,380 and Rs 3,460 per quintal within the next two weeks. Sugar grades in Solapur range from Rs 3360 to Rs 3,400 per quintal.

Ex-mill Sugar Prices as on March, 30 2024 :

State

S/30

[Rates per Quintal]

M/30

[Rates per Quintal]

Maharashtra

₹3400 to 3450

₹3480 to 3530

Karnataka

₹3600

₹3650

Uttar Pradesh

₹3760 to 3790

Gujarat

₹3471 to 3501

₹3521 to 3561

Tamil Nadu

₹3600 to 3700

₹3670 to 3725

Madhya Pradesh

₹3600 to 3610

₹3650 to 3660

Punjab

₹3825 to 3860

(All the above rates are excluding GST)

Destination-wise Spot Prices as on March, 30 2024 :

City

Grade

Rate

Delhi

M/30

₹4,000.50

Kanpur

M/30

₹3,953.25

Kolhapur

M/30

₹3,717.00

Kolkata

M/30

₹3,979.50

Muzaffarnagar

M/30

₹3,948.00

News Round-Up

Real time sugar output projection: Online registration of sugarcane farmers in Maharashtra, Karnataka from next season

Real time sugar output projection: Online registration of sugarcane farmers in Maharashtra, Karnataka from next season

Sugarcane farmers in Uttar Pradesh receiving payment on time: Yogi Adityanath

Sugarcane farmers in Uttar Pradesh receiving payment on time: Yogi Adityanath

Indian Metals and Ferro Alloys board approves Rs 200 crore investment for ethanol business and its allied by-products

Indian Metals and Ferro Alloys board approves Rs 200 crore investment for ethanol business and its allied by-products

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