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
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
Ethanol project: Uttar Pradesh CM Yogi Adityanath to inaugurate grain-based distillery in Gorakhpur
