ChiniMandi, Mumbai: 4th April 2025
Domestic Market
Domestic sugar prices were reported mixed
Domestic sugar prices in the major markets were reported to be mixed and weak, with prices falling by Rs 5-10 per quintal in Maharashtra and Karnataka. Firm sentiments were observed in Uttar Pradesh and other North Indian states. According to market participants, demand is need-based, despite lower quotas, which have kept prices in a range for the last 8-10 sessions.
The price of S-grade sugar in Kolhapur ranges from Rs 3,775 to Rs 3,825 per quintal, while M-grade sugar in Muzaffarnagar costs between Rs 4,030 and Rs 4,080.
Ex-mill Sugar Prices as on April, 04 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3775 to 3795 |
₹3845 to 3865 |
|
South Karnataka |
₹4000 to 4010 |
₹4060 |
|
Uttar Pradesh |
|
₹4030 to 4080 |
|
Gujarat |
₹3851 to 3881 |
₹3951 to 3981 |
|
Tamil Nadu |
₹4040 to 4200 |
₹4110 to 4200 |
|
Madhya Pradesh |
₹4020 |
₹4070 |
|
Punjab |
₹4080 to 4151 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 04 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,315.50 |
|
Kanpur |
M/30 |
₹4,294.50 |
|
Kolhapur |
M/30 |
₹4,068.75 |
|
Kolkata |
M/30 |
₹4,347.00 |
|
Muzaffarnagar |
M/30 |
₹4,263.00 |
|
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 $542.20 ton, whereas the New York Sugar #11 front month contract is trading at 18.98c/lb. The corn futures market trades at 452-2 and the ethanol Chicago trades at 1.78500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.381whereas USD was trading with BRL at 5.6062 Crude WTI traded at $61.90 barrel. Sensex closed 930.67 points down at 75365.69 whereas Nifty closed 345.65 points lower at 22904.45
News Round-Up
Tamil Nadu: Govt to constitute expert committee to assess and enhance performance of cooperative and public sector sugar mills
Maharashtra: Officials asked to prepare comprehensive law to protect interests of sugarcane farmers and cutters
Gold touching new heights amid US reciprocal tariffs, uncertainty in global trade order
Gold touching new heights amid US reciprocal tariffs, uncertainty in global trade order
