ChiniMandi, Mumbai: 20th Mar 2025
Domestic Market
Domestic sugar prices were stable to higher
Domestic sugar prices reported to be stable to higher in the major markets of Maharashtra, Karnataka, and Uttar Pradesh. Prices were reported higher by Rs 10 per quintal in North Indian markets. According to market participants, demand is low despite after a sharp increase in prices.
According to reports, sugar for export is currently selling for approximately Rs 42,000 per MT, with some contracts priced at Rs 44,000 per MT. The most active contract values London whites at $550 per MT, while low-quality whites range between par and $470 per MT.
M-grade sugar in Muzaffarnagar ranges from Rs 4,020 to Rs 4,050 per quintal, while S-grade sugar in Kolhapur costs between Rs 3,760 and Rs 3,810.
Ex-mill Sugar Prices as on Mar, 20 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3760 to 3800 |
₹3840 to 3880 |
|
South Karnataka |
₹3925 to 3970 |
₹3975 to 4000 |
|
Uttar Pradesh |
|
₹4020 to 4050 |
|
Gujarat |
₹3861 to 3861 |
₹3961 to 3961 |
|
Tamil Nadu |
₹3980 to 4200 |
₹4040 to 4250 |
|
Madhya Pradesh |
₹4020 to 4040 |
₹4070 to 4090 |
|
Punjab |
₹4090 to 4131 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 20 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,263.00 |
|
Kanpur |
M/30 |
₹4,221.00 |
|
Kolhapur |
M/30 |
₹4,042.50 |
|
Kolkata |
M/30 |
₹4,347.00 |
|
Muzaffarnagar |
M/30 |
₹4,200.00 |
|
Ahmedabad |
M/30 |
₹4,168.50 |
|
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 $558.40 ton, whereas the New York Sugar #11 front month contract is trading at 19.80c/lb. The corn futures market trades at 463-0 and the ethanol Chicago trades at 1.71750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.327 whereas USD was trading with BRL at 5.6651 Crude WTI traded at $67.13 barrel. Sensex closed 899.01 points higher at 76348.06 whereas Nifty closed 283.05 points higher at 23190.65
News Round-Up
Tamil Nadu: Sugarcane price will be increased to Rs 4,000, says Minister Pannerselvam
Indian Potash Limited to revive sugar mills in Gujarat
Pakistan: Millers demand dual pricing for sugar, government rejects proposal
Pakistan: Millers demand dual pricing for sugar, government rejects proposal
