ChiniMandi, Mumbai: 14th Jan 2025
Domestic Market
Domestic sugar prices quoted stable
Domestic sugar prices in major markets have been reported to be stable on good demand. According to market sources, demand is strong, with prices remaining at a one-and-a-half-month high.
S-grade sugar in Kolhapur costs between Rs 3,430 and 3,480 per quintal, whereas M-grade sugar in Muzaffarnagar costs Rs 3,860 to 3,920. Agrimandi.live predicts that the price of Kolhapur S-grade sugar will fall between Rs 3,380 and Rs 3,500 per quintal in the near future.
Ex-mill Sugar Prices as on Jan, 14 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3445 to 3515 |
₹3515 to 3615 |
|
South Karnataka |
₹3650 to 3675 |
₹3680 to 3725 |
|
Uttar Pradesh |
|
₹3860 to 3920 |
|
Gujarat |
₹3541 to 3581 |
₹3561 to 3641 |
|
Tamil Nadu |
₹3750 to 3900 |
₹3850 to 3975 |
|
Madhya Pradesh |
₹3660 to 3710 |
₹3740 to 3835 |
|
Punjab |
₹3950 to 4021 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 14 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,116.00 |
|
Kanpur |
M/30 |
₹4,084.50 |
|
Kolhapur |
M/30 |
₹3,748.50 |
|
Kolkata |
M/30 |
₹4,147.50 |
|
Muzaffarnagar |
M/30 |
₹4,079.25 |
|
Ahmedabad |
M/30 |
₹3,916.50 |
|
Bangaluru |
M/30 |
₹3,969.00 |
|
Chennai |
M/30 |
₹4,116.00 |
At the time of writing this update London White Sugar #5 front month contract is trading at $485.70 ton, whereas the New York Sugar #11 front month contract is trading at 18.49 c/lb. The corn futures market trades at 474-6 and the ethanol Chicago trades at 1.68000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.542 whereas USD was trading with BRL at 6.1073, Crude WTI traded at $77.16 barrel. Sensex closed 169.62 points up at 76,499.63 whereas Nifty closed 90.10 points higher at 23,176.05
News Round-Up
Restrictions on sugar exports may be relaxed soon: Media report
Maharashtra: Sugar production reaches 41.35 lakh tonnes as of 13th January
Maharashtra: Sugar production reaches 41.35 lakh tonnes as of 13th January
