ChiniMandi, Mumbai: 15th April 2025
Domestic Market
Domestic sugar prices continue to trade higher
Prices for sugar in the major domestic markets were continue to trade higher on pick up in demand. Prices in Maharashtra and Karnataka were reported higher by Rs 10 per quintal while prices rose by Rs 10-20 per quintal in Uttar Pradesh and other North Indian markets. Prices are at their lowest level in two months, which is supporting the prices over the last 3 to 4 sessions.
S-grade sugar ranges between Rs 3,770 and Rs 3,820 per quintal in Kolhapur, and M-grade sugar costs between Rs 4,010 and Rs 4,090 per quintal in Muzaffarnagar.
Ex-mill Sugar Prices as on April, 15 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3790 |
₹3840 to 3860 |
|
South Karnataka |
₹3985 to 3990 |
₹4040 |
|
Uttar Pradesh |
|
₹4010 to 4090 |
|
Gujarat |
₹3845 to 3861 |
₹4021 to 4041 |
|
Tamil Nadu |
₹4050 to 4175 |
₹4120 to 4175 |
|
Madhya Pradesh |
₹3970 to 3980 |
₹4020 to 4030 |
|
Punjab |
₹4080 to 4141 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 15 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,315.50 |
|
Kanpur |
M/30 |
₹4,284.00 |
|
Kolhapur |
M/30 |
₹4,063.50 |
|
Kolkata |
M/30 |
₹4,326.00 |
|
Muzaffarnagar |
M/30 |
₹4,252.50 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,252.50 |
|
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 $494.70 ton, whereas the New York Sugar #11 front month contract is trading at 17.77c/lb. The corn futures market trades at 485-2and the ethanol Chicago trades at 1.79500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.810 whereas USD was trading with BRL at 5.8419 Crude WTI traded at $61.03 barrel. Sensex closed 1,577.63 points up at 76,734.89 whereas Nifty closed 500.00 points higher at 23,328.55
News Round-Up
India likely to see above-normal monsoon this year: IMD
Stakeholders management: The key to the long-term success of Indian sugar industry
Stakeholders management: The key to the long-term success of Indian sugar industry
Pramod Upadhyay appointed as new sugarcane commissioner of Uttar Pradesh
Pramod Upadhyay appointed as new sugarcane commissioner of Uttar Pradesh
