ChiniMandi, Mumbai: 23rd April 2025
Domestic Market
Domestic sugar prices were reported stable
Prices for sugar in the major domestic markets were reported to be stable after a weak session. Demand is said to be weak especially from bulk buyers which is weighing on the prices. Despite the lower production and lower monthly quota, subdued demand is keeping prices in a broader range over the last two months.
S-grade sugar costs between Rs 3,760 and Rs 3,810 per quintal in Kolhapur and M-grade sugar ranges between Rs 4,000 and Rs 4,080 in Muzaffarnagar.
Ex-mill Sugar Prices as on April, 23 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3790 |
₹3840 to 3860 |
|
South Karnataka |
₹4000 to 4010 |
₹4060 |
|
Uttar Pradesh |
|
₹4000 to 4080 |
|
Gujarat |
₹3831 to 3861 |
₹3921 to 3951 |
|
Tamil Nadu |
₹4075 to 4200 |
₹4135 to 4200 |
|
Madhya Pradesh |
₹3950 to 3970 |
₹4020 to 4040 |
|
Punjab |
₹4050 to 4161 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 23 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,294.50 |
|
Kanpur |
M/30 |
₹4,273.50 |
|
Kolhapur |
M/30 |
₹4,058.25 |
|
Kolkata |
M/30 |
₹4,326.00 |
|
Muzaffarnagar |
M/30 |
₹4,242.00 |
|
Ahmedabad |
M/30 |
₹4,126.50 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
Chennai |
M/30 |
₹4,347.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $506.20 ton, whereas the New York Sugar #11 front month contract is trading at 18.06 c/lb. The corn futures market trades at 473-2 and the ethanol Chicago trades at 1.76000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.429 whereas USD was trading with BRL at 5.7490 Crude WTI traded at $63.53 barrel. Sensex closed 520.90 points up at 80116.49 whereas Nifty closed 161.70 points higher at 24328.95
News Round-Up
10 Kenyan firms granted permission to import 208,600 tonnes of sugar
10 Kenyan firms granted permission to import 208,600 tonnes of sugar
Egypt achieves self-sufficiency in sugar production in 2025: Ministry
Egypt achieves self-sufficiency in sugar production in 2025: Ministry
