ChiniMandi, Mumbai: 14th Mar 2025
Domestic Market
Domestic sugar prices were reported as stable.
Despite the ISMA reducing sugar production to 26.5 MMT and the AISTA to 25.8 MMT, domestic sugar prices were reported stable across the centers due to weak demand. According to market participants, demand is muted despite the Holi and Ramadan months, following a price surge that began in mid-January and has weighed on prices.
According to reports, sugar for export is currently selling for around Rs 42,000 per MT, with some contracts at Rs 44,000 per MT. The most active contract values London whites at $535 per MT, while low-quality whites are priced at par up to $470 per MT.
M-grade sugar in Muzaffarnagar ranges from Rs 4,040 to Rs 4,060 per quintal, while S-grade sugar in Kolhapur costs between Rs 3,760 and Rs 3,820.
Ex-mill Sugar Prices as on Mar, 14 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3780 |
₹3830 to 3875 |
|
South Karnataka |
₹3975 to 4000 |
₹4025 to 4050 |
|
Uttar Pradesh |
|
₹4040 to 4060 |
|
Gujarat |
₹3861 to 3891 |
₹3961 to 3991 |
|
Tamil Nadu |
₹4020 to 4300 |
₹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, 14 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 |
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