ChiniMandi, Mumbai: 12th Mar 2025
Domestic Market
Domestic sugar prices stable to higher
Domestic sugar prices in the major markets of Karnataka and Maharashtra were said to be relatively stable for the third session, but prices have increased in Uttar Pradesh, which was reported to be higher by Rs 20 per quintal.
According to reports, sugar for export is currently selling for approximately Rs 44,000 per MT, with prices rising at a reasonable contract rate. The most active contract values London whites at $532 per MT, with low-quality whites priced at par until $470 per MT. M-grade sugar in Muzaffarnagar ranges between Rs 4,040 and Rs 4,060 per quintal, whereas S-grade sugar in Kolhapur costs between Rs 3,760 and Rs 3,820.
Ex-mill Sugar Prices as on Mar, 12 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3780 |
₹3830 to 3875 |
|
South Karnataka |
₹3970 to 4000 |
₹4025 to 4050 |
|
Uttar Pradesh |
|
₹4030 to 4080 |
|
Gujarat |
₹3861 to 3891 |
₹3961 to 3991 |
|
Tamil Nadu |
₹4025 to 4200 |
₹4080 to 4250 |
|
Madhya Pradesh |
₹4020 to 4025 |
₹4060 to 4075 |
|
Punjab |
₹4050 to 4101 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 12 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,242.00 |
|
Kolhapur |
M/30 |
₹4,042.50 |
|
Kolkata |
M/30 |
₹4,357.50 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,179.00 |
|
Bangaluru |
M/30 |
₹4,252.50 |
|
Chennai |
M/30 |
₹4,357.50 |
At the time of writing this update London White Sugar #5 front month contract is trading at $533.30 ton, whereas the New York Sugar #11 front month contract is trading at 19.51c/lb. The corn futures market trades at 449-4 and the ethanol Chicago trades at 1.68214s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 87.227 whereas USD was trading with BRL at 5.8341 Crude WTI traded at $66.96 barrel. Sensex closed 72.56 points down at 74,029.76 whereas Nifty closed 27.40 points lower at 22,470.50.
News Round-Up
Season 2024-25: ISMA revises net sugar production estimates to 264 lakh tonnes
Season 2024-25: ISMA revises net sugar production estimates to 264 lakh tonnes
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Sugar mills owe farmers Rs 291 crore over three years, minister reports
Sugar mills owe farmers Rs 291 crore over three years, minister reports
