ChiniMandi, Mumbai: 30th September 2023
Domestic Market
Steady sentiment witnessed in domestic prices after weak sessions
Domestic sugar prices are reported stable after falling for two sessions. Demand is reported to be dull from stockists and retailers. Furthermore, good rainfall activity in Maharashtra’s and Karnatakaโs major growing regions also keeps prices under check.
S-grade sugar ranged between Rs. 3,630 and 3,660 per quintal in Kolhapur, while M-grade sugar ranged between Rs. 3,820 and 3,850 per quintal in Muzaffarnagar. Agrimandi estimates that S grade sugar will trade between Rs 3,620 and Rs 3,700 in Kolhapur markets.
Ex-mill Sugar Prices as on September, 30 2023 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
โน3590 to 3630 |
โน3690 to 3730 |
|
Karnataka |
โน3650 to 3700 |
โน3750 |
|
Uttar Pradesh |
|
โน3815 to 3920 |
|
Gujarat |
โน3641 |
โน3701 to 3761 |
|
Tamil Nadu |
โน3690 to 3825 |
โน3800 to 3850 |
|
Madhya Pradesh |
โน3775 to 3790 |
โน3845 to 3860 |
|
Punjab |
โน3915 to 4041 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on September, 30 2023 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
โน4,053.00 |
|
Kanpur |
M/30 |
โน4,011.00 |
|
Kolhapur |
M/30 |
โน3,927.00 |
|
Kolkata |
M/30 |
โน4,116.00 |
|
Muzaffarnagar |
M/30 |
โน4,021.50 |
News Round-Up
Nepal may face sugar shortage ahead of festival season
WDRA signs MoU with Bank of India to facilitate low interest rate loans to farmers and traders
WDRA signs MoU with Bank of India to facilitate low interest rate loans to farmers and traders
Punjab: Administration to take stern action against sugar mill for not paying cane dues
Punjab: Administration to take stern action against sugar mill for not paying cane duesย
Nepal: Sugar shortage likely due to delayed import process
Punjab: Farmers in Amritsar continue โRail Roko Andolanโ over MSP demands
Punjab: Farmers in Amritsar continue ‘Rail Roko Andolan’ over MSP demands
