ChiniMandi, Mumbai: 2nd April 2025
Domestic Market
Domestic sugar prices were stable to higher
Domestic sugar prices were reported stable to higher across the markets after a slight rise during yesterday session. Prices were reported steady over Maharashtra and Karnatak while reported higher by Rs 10-20 per quintal over Uttar Pradesh and other Nortn Indian states. According to market participants, demand is good because there is a lower quota this month and summer is peaking. However, despite the lower monthly quota when compared to the last two seasons prices are not increasing as per the market anticipations.
S-grade sugar in Kolhapur ranges in price from Rs 3,780 to Rs 3,830 per quintal, whereas M-grade sugar in Muzaffarnagar costs between Rs 4,020 and Rs 4,070.
Ex-mill Sugar Prices as on April, 02 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3790 to 3810 |
₹3860 to 3880 |
|
South Karnataka |
₹4000 to 4010 |
₹4060 |
|
Uttar Pradesh |
|
₹4020 to 4070 |
|
Gujarat |
₹3851 to 3881 |
₹3951 to 3981 |
|
Tamil Nadu |
₹4030 to 4200 |
₹4110 to 4200 |
|
Madhya Pradesh |
₹4005 to 4025 |
₹4075 to 4095 |
|
Punjab |
₹4100 to 4171 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 02 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,284.00 |
|
Kolhapur |
M/30 |
₹4,074.00 |
|
Kolkata |
M/30 |
₹4,368.00 |
|
Muzaffarnagar |
M/30 |
₹4,252.50 |
|
Ahmedabad |
M/30 |
₹4,179.00 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
Chennai |
M/30 |
₹4,378.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $540.90 ton, whereas the New York Sugar #11 front month contract is trading at 19.16c/lb. The corn futures market trades at 456-2 and the ethanol Chicago trades at 1.78000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.468 whereas USD was trading with BRL at 5.7045 Crude WTI traded at $70.91 barrel. Sensex closed 592.93 points up at 76617.44 whereas Nifty closed 166.65 points higher at 23332.35
News Round-Up
Minister on sugar MSP hike demand: Govt consulting with other concerned Ministries/Departments and seeking comments
Mundra becomes the first Indian port ever to cross 200 MMT annual cargo volume
Ethanol project: Uttar Pradesh CM Yogi Adityanath to inaugurate grain-based distillery in Gorakhpur
