Retail sugar prices have eased across several Indian cities just ahead of the festive season, as government measures ease the pressure on supply. A fall in ex-mill sugar prices has begun showing up at retail shops, and additional domestic supply may be on the way soon. Shree Renuka Sugars has offered to sell around 2.5 lakh tonnes of sugar, produced under the advance licensing scheme, in the domestic market, a move that could ease supply pressure further in the coming days.
Retail Prices Fall Across Cities
Retail sugar prices declined on Wednesday, according to data from Chinimandi.
| City | Wednesday's Price (₹/kg) | Change |
|---|---|---|
| Delhi | ₹56 | Down ₹1 |
| Kanpur | ₹56 | Down ₹1 |
| Raipur | ₹55 | Down ₹1 |
| Mumbai | ₹55 | Down ₹1 |
| Ranchi | ₹56 | Down ₹1 |
| Kolkata | ₹57 | Down ₹1 |
| Guwahati | ₹58 | Unchanged |
| Hyderabad | ₹56 | Down ₹1 |
| Chennai | ₹58 | Down ₹2 |
Wholesale Market Sees Mixed Trends
Unlike the retail market, wholesale sugar prices showed a mixed trend on Wednesday. Delhi's wholesale rates stayed unchanged at ₹5,150 per quintal, and Kanpur remained steady at ₹5,200 per quintal. However, prices rose in several other cities: Raipur climbed from ₹4,850 to ₹5,150 per quintal, Mumbai rose from ₹4,850 to ₹5,100 per quintal, and Ranchi increased from ₹5,100 to ₹5,300 per quintal. Kolkata's wholesale rate rose from ₹5,200 to ₹5,350 per quintal, Guwahati went up from ₹5,250 to ₹5,400 per quintal, Hyderabad increased from ₹4,900 to ₹5,250 per quintal, and Chennai's wholesale rates climbed from ₹5,400 to ₹5,600 per quintal.
Mill Gate Prices
According to Chinimandi data, in Maharashtra's Central Zone, the Kopargaon mill's ex-mill price for M-30 grade sugar stood at ₹5,075 per quintal on Wednesday. The same mill's S1 PP grade sugar was priced at ₹4,960 per quintal, while S/30 grade sugar was priced at ₹4,925 per quintal. In Maharashtra's South Zone, the Hamidwada mill's ex-mill price for M-30 grade sugar stood at ₹4,950 per quintal.