ChiniMandi, Mumbai: 27th Feb 2025
Domestic Market
Domestic sugar prices quoted steady
After a sharp rise in yesterday’s session, domestic sugar prices in the major markets of Uttar Pradesh, Maharashtra, and Karnataka are in good demand. As per the sources, demand is said to be very good, which is supporting the prices. Additionally, faster closure of mills is supporting the prices in the major markets.
Sugar for exports is trading around Rs 44,000 per MT, as prices are trading at a higher good contract pace, it was reported. Low-quality whites will be parity until $475 per MT, and London whites of the most active contract are quoting at $537 per MT. S-grade sugar in Kolhapur ranges between Rs 3,750 and 3,820 per quintal, while M-grade sugar in Muzaffarnagar costs between Rs 4,030 and 4,080.
Ex-mill Sugar Prices as on Feb, 27 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3755 to 3765 |
₹3815 to 3875 |
|
South Karnataka |
₹3925 to 3975 |
₹3975 to 4025 |
|
Uttar Pradesh |
|
₹4020 to 4080 |
|
Gujarat |
₹3851 to 3861 |
₹3951 to 3961 |
|
Tamil Nadu |
₹4025 to 4070 |
₹4125 |
|
Madhya Pradesh |
₹4010 to 4020 |
₹4050 to 4070 |
|
Punjab |
₹4075 to 4161 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 27 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,315.50 |
|
Kanpur |
M/30 |
₹4,263.00 |
|
Kolhapur |
M/30 |
₹4,074.00 |
|
Kolkata |
M/30 |
₹4,368.00 |
|
Muzaffarnagar |
M/30 |
₹4,257.75 |
|
Ahmedabad |
M/30 |
₹4,200.00 |
|
Bangaluru |
M/30 |
₹4,231.50 |
|
Chennai |
M/30 |
₹4,336.50 |
At the time of writing this update London White Sugar #5 front month contract is trading at $546.40 ton, whereas the New York Sugar #11 front month contract is trading at 20.02c/lb. The corn futures market trades at 478-0 and the ethanol Chicago trades at 1.68214s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 87.213 whereas USD was trading with BRL at 5.7751 Crude WTI traded at $69.39 barrel. Sensex closed 10.31 points up at 74,612.43 whereas Nifty closed 2.50 points lower at 22,545.05
News Round-Up
Season 2024-25: International Sugar Organization sees larger global deficit of 4.881 million tonnes
Season 2024-25: International Sugar Organization sees larger global deficit of 4.881 million tonnes
Kasganj: Initiative to boost maize production for ethanol
Uttar Pradesh: MLA Nahid Hasan raises sugarcane farmers’ issues in Assembly
Uttar Pradesh: MLA Nahid Hasan raises sugarcane farmers’ issues in Assembly
