ChiniMandi, Mumbai: 7th April 2025
Domestic Market
Weak sentiment witnessed in domestic sugar prices
Domestic sugar prices in the major markets were reported to be weak, with prices falling by Rs 5-20 per quintal across the major markets. Prices fell by Rs 5-10 per quintla in Karnataka, Maharashtra while fell by Rs 20 per quintla 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 3,770 to Rs 3,820 per quintal, while M-grade sugar in Muzaffarnagar costs between Rs 3,990 and Rs 4,040.
Ex-mill Sugar Prices as on April, 07 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3765 to 3785 |
₹3835 to 3855 |
|
South Karnataka |
₹3970 to 3975 |
₹4025 |
|
Uttar Pradesh |
|
₹3990 to 4040 |
|
Gujarat |
₹3831 to 3851 |
₹3951 to 3981 |
|
Tamil Nadu |
₹4020 to 4200 |
₹4080 to 4200 |
|
Madhya Pradesh |
₹4010 |
₹4060 |
|
Punjab |
₹4070 to 4141 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 07 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,263.00 |
|
Kolhapur |
M/30 |
₹4,063.50 |
|
Kolkata |
M/30 |
₹4,326.00 |
|
Muzaffarnagar |
M/30 |
₹4,231.50 |
|
Ahmedabad |
M/30 |
₹4,158.00 |
|
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 $537.00 ton, whereas the New York Sugar #11 front month contract is trading at 18.72c/lb. The corn futures market trades at 459-2 and the ethanol Chicago trades at 1.77500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.884 whereas USD was trading with BRL at 5.7771 Crude WTI traded at $60.25 barrel. Sensex closed 2,226.79 points down at 73,137.90 whereas Nifty closed 742.85 points lower at 22,161.60
News Round-Up
Ethanol project: Uttar Pradesh CM Yogi Adityanath inaugurates distillery plant worth Rs 1,200 crore in Gorakhpur
Improved balance sheets of sugar mills to firm up profitability this season: Centrum report
Improved balance sheets of sugar mills to firm up profitability this season: Centrum report
Karnataka: We need to increase sugarcane productivity by adopting new technology, says Minister
Karnataka: We need to increase sugarcane productivity by adopting new technology, says Minister
