ChiniMandi, Mumbai: 08h Mar 2025
Domestic Market
Weak sentiment continued in domestic sugar prices
Domestic sugar prices in the major markets of Karnataka, Maharashtra, and Uttar Pradesh were reported to be weak, with prices falling by Rs 10-20 per quintal. Prices are falling continuously from the last 4-5 sessions on dull demand. Prices fell in both re-sale and ex-mill quotes, indicating dull demand. According to market sources, demand is expected to be weak, weighing on resale prices.
According to reports, sugar for export is selling for around Rs 44,000 per MT, with prices rising at a reasonable contract rate. London whites in the most active contract are quoted at $525 per MT, with low-quality whites priced at par until $470 per MT. M-grade sugar in Muzaffarnagar ranges between Rs 4,010 and Rs 4,060 per quintal, while S-grade sugar in Kolhapur costs between Rs 3,730 and Rs 3,810.
Ex-mill Sugar Prices as on Mar, 08 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3780 |
₹3830 to 3875 |
|
South Karnataka |
₹3975 to 4000 |
₹4025 to 4075 |
|
Uttar Pradesh |
|
₹3980 to 4040 |
|
Gujarat |
₹3851 to 3881 |
₹3951 to 3981 |
|
Tamil Nadu |
₹4050 to 4200 |
₹4110 to 4250 |
|
Madhya Pradesh |
₹4025 to 4055 |
₹4090 to 4125 |
|
Punjab |
₹4110 to 4161 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 08 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,273.50 |
|
Kanpur |
M/30 |
₹4,221.00 |
|
Kolhapur |
M/30 |
₹4,042.50 |
|
Kolkata |
M/30 |
₹4,378.50 |
|
Muzaffarnagar |
M/30 |
₹4,215.75 |
|
Ahmedabad |
M/30 |
₹4,179.00 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
Chennai |
M/30 |
₹4,347.00 |
News Round-Up
Bihar: New Swadeshi sugar mill to conclude crushing season on March 9
Bihar: New Swadeshi sugar mill to conclude crushing season on March 9
Tamil Nadu government urged to take steps to reopen National Cooperative Sugar Mill at Alanganallur
Tamil Nadu government urged to take steps to reopen National Cooperative Sugar Mill at Alanganallur
Major overhaul of Fiji Sugar Corporation will require $500 million: Minister
Major overhaul of Fiji Sugar Corporation will require $500 million: Minister
