ChiniMandi, Mumbai: 08th Feb 2025
Domestic Market
Domestic sugar prices were stable
After a sharp increase, domestic sugar prices in major markets appear to be stable due to strong buying activity, while export quotes are trading higher. Furthermore, according to market sources, production is expected to remain low, supporting the spot market price rally.
Sugar exports range between Rs 42,000 and Rs 44,000 per MT, while low-quality whites can be exported for up to $475 per MT. Although domestic prices are gradually rising, the weakening INR is supporting the export parity.
S-grade sugar in Kolhapur costs between Rs 3,770 and 3,830 per quintal, while M-grade sugar in Muzaffarnagar costs between Rs 4,090 and 4,150. Prices are expected to stay high in the coming days.
Ex-mill Sugar Prices as on Feb, 8 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3730 to 3750 |
₹3830 to 3895 |
|
South Karnataka |
₹3900 to 3925 |
₹3950 to 3975 |
|
Uttar Pradesh |
|
₹4090 to 4150 |
|
Gujarat |
₹3801 to 3831 |
₹3901 to 3941 |
|
Tamil Nadu |
₹3850 to 4140 |
₹3910 to 4125 |
|
Madhya Pradesh |
₹4010 to 4030 |
₹4060 to 4080 |
|
Punjab |
₹4160 to 4226 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 8 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,378.50 |
|
Kanpur |
M/30 |
₹4,347.00 |
|
Kolhapur |
M/30 |
₹4,095.00 |
|
Kolkata |
M/30 |
₹4,462.50 |
|
Muzaffarnagar |
M/30 |
₹4,347.00 |
|
Ahmedabad |
M/30 |
₹4,263.00 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
Chennai |
M/30 |
₹4,410.00 |
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