ChiniMandi, Mumbai: 11th April 2025
Domestic Market
Steady sentiment continued in domestic sugar prices
After weak sessions, domestic sugar prices in the major markets were reported to be stable across the major markets for the third session. Although prices are falling demand is said to be subdued. Buyers or stockiest are reluctant to buy as there is fear of stock limit is prices rally sharply. According to market participants, demand is subdued and 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, 11 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3755 to 3775 |
₹3825 to 3845 |
|
South Karnataka |
₹3970 to 3985 |
₹4035 |
|
Uttar Pradesh |
|
₹3980 to 4030 |
|
Gujarat |
₹3821 to 3841 |
₹3921 to 3941 |
|
Tamil Nadu |
₹4030 to 4175 |
₹4090 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, 11 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 |
₹4,126.50 |
|
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 $525.80 ton, whereas the New York Sugar #11 front month contract is trading at 18.27c/lb. The corn futures market trades at 485-6 and the ethanol Chicago trades at 1.78000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.252 whereas USD was trading with BRL at 5.8300 Crude WTI traded at $60.32 barrel. Sensex closed 1310.11 points up at 75157.26 whereas Nifty closed 429.40 points higher at 22828.55
News Round-Up
China hikes tariffs on US goods to 125 per cent; Xi calls on EU to resist Trump bullying
Modernise sugarcane cultivation: UP cane administration launches new initiative to train network of master trainers
India’s industrial production registers 2.9 per cent growth in February
