ChiniMandi, Mumbai: 15th Mar 2025
Domestic Market
Dull demand weighing on domestic sugar prices
Despite the ISMA reducing sugar production to 26.4 MMT, domestic sugar prices were reported to be low across the board due to weak demand. Prices in the markets dropped by Rs 10-20 per quintal. According to market participants, demand is low despite the Holi and Ramadan months, following a price increase that began in mid-January and has weighed on prices. As prices rose following export permission, demand is said to be muted at higher price levels.
According to reports, sugar for export is currently selling for around Rs 42,000 per MT, with some contracts priced at Rs 44,000 per MT. The most active contract values London whites at $542 per MT, while low-quality whites are priced between par and $470 per MT.
M-grade sugar in Muzaffarnagar ranges between Rs 4,020 and Rs 4,050 per quintal, whereas S-grade sugar in Kolhapur costs between Rs 3,750 and Rs 3,800.
Ex-mill Sugar Prices as on Mar, 15 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3760 to 3770 |
₹3820 to 3865 |
|
South Karnataka |
₹3975 to 4000 |
₹4025 to 4050 |
|
Uttar Pradesh |
|
₹4020 to 4050 |
|
Gujarat |
₹3861 to 3891 |
₹3961 to 3991 |
|
Tamil Nadu |
₹4020 to 4200 |
₹4080 to 4250 |
|
Madhya Pradesh |
₹4020 to 4025 |
₹4060 to 4075 |
|
Punjab |
₹4040 to 4091 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 15 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,263.00 |
|
Kanpur |
M/30 |
₹4,221.00 |
|
Kolhapur |
M/30 |
₹4,032.00 |
|
Kolkata |
M/30 |
₹4,347.00 |
|
Muzaffarnagar |
M/30 |
₹4,200.00 |
|
Ahmedabad |
M/30 |
₹4,179.00 |
|
Bangaluru |
M/30 |
₹4,252.50 |
|
Chennai |
M/30 |
₹4,357.50 |
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