ChiniMandi, Mumbai: 9th April 2025
Domestic Market
Steady sentiment witness in domestic sugar prices
After weak sessions, domestic sugar prices in the major markets were reported to be stable across the major markets. 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, 09 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 |
₹3841 to 3861 |
₹3941 to 3961 |
|
Tamil Nadu |
₹4020 to 4175 |
₹4150 to 4175 |
|
Madhya Pradesh |
₹3980 to 4000 |
₹4040 to 4070 |
|
Punjab |
₹4060 to 4100 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 09 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 |
₹4,147.50 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
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 $518.70 ton, whereas the New York Sugar #11 front month contract is trading at 18.12c/lb. The corn futures market trades at 471-0 and the ethanol Chicago trades at 1.77750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.771 whereas USD was trading with BRL at 5.9362 Crude WTI traded at $56.00 barrel. Sensex closed 379.93 points down at 73,847.15 whereas Nifty closed 136.70 points lower at 22,399.15
News Round-Up
Hedgepoint: US tariffs have indirect impact on sugar market
FMCG sector is set for a gradual recovery; outlook for FY26 more positive: Report
FMCG sector is set for a gradual recovery; outlook for FY26 more positive: Report
