ChiniMandi, Mumbai: 8th April 2025
Domestic Market
Weak sentiment continued in domestic sugar prices
Domestic sugar prices in the major markets were reported to be weak for the third session, with prices falling by Rs 10-20 per quintal across the major markets. Prices fell by Rs 10 per quintal in Karnataka, Maharashtra while fell by Rs 10-20 per quintal 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 10-12 sessions.
The price of S-grade sugar in Kolhapur ranges from Rs 3,760 to Rs 3,810 per quintal, while M-grade sugar in Muzaffarnagar costs between Rs 3,980 and Rs 4,030.
Ex-mill Sugar Prices as on April, 08 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3755 to 3775 |
₹3825 to 3845 |
|
South Karnataka |
₹3970 to 3975 |
₹4025 |
|
Uttar Pradesh |
|
₹3980 to 4030 |
|
Gujarat |
₹3831 to 3851 |
₹3951 to 3981 |
|
Tamil Nadu |
₹4020 to 4200 |
₹4080 to 4200 |
|
Madhya Pradesh |
₹3980 to 4000 |
₹4050 to 4070 |
|
Punjab |
₹4080 to 4141 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 08 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,273.50 |
|
Kanpur |
M/30 |
₹4,252.50 |
|
Kolhapur |
M/30 |
₹4,053.00 |
|
Kolkata |
M/30 |
₹4,315.50 |
|
Muzaffarnagar |
M/30 |
₹4,210.50 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
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 $530.70 ton, whereas the New York Sugar #11 front month contract is trading at 18.66c/lb. The corn futures market trades at 466-4 and the ethanol Chicago trades at 1.78250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.261 whereas USD was trading with BRL at 5.8636 Crude WTI traded at $61.04 barrel. Sensex closed 1089.18 points up at 74227.08 whereas Nifty closed 374.25 points higher at 22535.85
News Round-Up
Andhra Pradesh: Kovur sugar factory may be revived soon, bringing hope to farmers and workers
Andhra Pradesh: Kovur sugar factory may be revived soon, bringing hope to farmers and workers
Ethanol tanker crash sparks massive highway fire, burning 25 vehicles in Brazil
Ethanol tanker crash sparks massive highway fire, burning 25 vehicles in Brazil
Sensex ends 1,089 points higher, Nifty above 22,500
