ChiniMandi, Mumbai: 15th Feb 2025
Domestic Market
A downtrend continued in domestic sugar prices
Sugar prices are falling due to weak demand following a sharp increase and have fallen by Rs 80-120 per quintal from the recent high. Domestic sugar prices in major markets are reported to be lower by Rs 20 per quintal. Resale rates were reported to be lower, but mill quotes did not decrease. Additionally, no more mills have closed the operation in Maharashtra, which is weighing on the prices.
Sugar exports are typically priced between Rs 42,000 and 44,000 per MT. And low-quality whites will be in parity up to $460 per MT. S-grade sugar in Kolhapur ranges between Rs 3,690 and 3,750 per quintal, while M-grade sugar in Muzaffarnagar costs between Rs 3,980 and 4,030.
Ex-mill Sugar Prices as on Feb, 15 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3720 to 3740 |
₹3820 to 3885 |
|
South Karnataka |
₹3900 to 3925 |
₹3950 to 3975 |
|
Uttar Pradesh |
|
₹3980 to 4040 |
|
Gujarat |
₹3841 |
₹3941 |
|
Tamil Nadu |
₹3945 to 4140 |
₹4005 to 4125 |
|
Madhya Pradesh |
₹3990 to 4000 |
₹4060 to 4070 |
|
Punjab |
₹4100 to 4151 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 15 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,263.00 |
|
Kanpur |
M/30 |
₹4,221.00 |
|
Kolhapur |
M/30 |
₹4,011.00 |
|
Kolkata |
M/30 |
₹4,326.00 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,168.50 |
|
Bangaluru |
M/30 |
₹4,179.00 |
|
Chennai |
M/30 |
₹4,305.00 |
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