ChiniMandi, Mumbai: 19th Mar 2025
Domestic Market
Domestic sugar prices remained generally steady
Domestic sugar prices were constant in the major markets of Maharashtra, Karnataka, and Uttar Pradesh. According to market participants, demand is low despite the Holi and Ramadan holidays, as a price hike that began in mid-January has put pressure on prices. Prices increased following export permission, but demand is claimed to be weak at higher prices, despite a dramatic decline in supply.
According to estimates, sugar for export is currently selling for around Rs 42,000 per MT, with some contracts costing Rs 44,000 per MT. The most active contract values London whites at $560 per MT, while low-quality whites are priced between par and $470 per MT.
M-grade sugar in Muzaffarnagar is between Rs 4,020 and Rs 4,050 per quintal, and S-grade sugar in Kolhapur costs between Rs 3,760 and Rs 3,810.
Ex-mill Sugar Prices as on Mar, 19 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3760 to 3770 |
₹3820 to 3865 |
|
South Karnataka |
₹3925 to 3970 |
₹3975 to 4000 |
|
Uttar Pradesh |
|
₹4020 to 4050 |
|
Gujarat |
₹3861 to 3861 |
₹3961 to 3961 |
|
Tamil Nadu |
₹3980 to 4200 |
₹4040 to 4250 |
|
Madhya Pradesh |
₹4020 to 4040 |
₹4070 to 4090 |
|
Punjab |
₹4080 to 4121 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 19 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,263.00 |
|
Kanpur |
M/30 |
₹4,221.00 |
|
Kolhapur |
M/30 |
₹4,042.50 |
|
Kolkata |
M/30 |
₹4,347.00 |
|
Muzaffarnagar |
M/30 |
₹4,200.00 |
|
Ahmedabad |
M/30 |
₹4,179.00 |
|
Bangaluru |
M/30 |
₹4,252.50 |
|
Chennai |
M/30 |
₹4,357.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $559.20 ton, whereas the New York Sugar #11 front month contract is trading at 19.51c/lb. The corn futures market trades at 445-4 and the ethanol Chicago trades at 1.68214s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.346 whereas USD was trading with BRL at 5.6846 Crude WTI traded at $66.64 barrel. Sensex closed 167.79 points higher at 75449.05 whereas Nifty closed 73.30 points higher at 22907.60
News Round-Up
With export push, sugar industry remains stable with adequate stocks and positive outlook
With export push, sugar industry remains stable with adequate stocks and positive outlook
Sugar industry stable with adequate stocks and positive future outlook, says ISMA
Sugar industry stable with adequate stocks and positive future outlook, says ISMA
Bihar: No plan to shift maize research centre to Karnataka, claims MP Giriraj Singh
Bihar: No plan to shift maize research centre to Karnataka, claims MP Giriraj Singh
