ChiniMandi, Mumbai: 21st April 2025
Domestic Market
Domestic sugar prices remained stable
Prices for sugar in the major domestic markets were reported to be stable for the third session. Prices are at their lowest level in two months, which is supporting the prices over the last 3 to 4 sessions. Demand is said to be good on increased temperatures or heat waves over North India.
India has produced approximately 254.97 lakh tonnes of sugar, with around 38 sugar mills still operational as of April 15, Indian Sugar and Bio-energy Manufacturers Association said in a statement Thursday.
Around 35 lakh tons of sugar is expected to be diverted towards ethanol production this year, against last year’s estimated diversion of 21.5 lakh tonnes. Around 22 factories are still operational in Uttar Pradesh. Out of which around 16 factories are operating in West UP.
S-grade sugar costs between Rs 3,770 and Rs 3,820 per quintal in Kolhapur and M-grade sugar ranges between Rs 4,010 and Rs 4,090 in Muzaffarnagar.
Ex-mill Sugar Prices as on April, 21 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3790 |
₹3840 to 3860 |
|
South Karnataka |
₹4000 to 4010 |
₹4060 |
|
Uttar Pradesh |
|
₹4010 to 4090 |
|
Gujarat |
₹3845 to 3861 |
₹4021 to 4041 |
|
Tamil Nadu |
₹4075 to 4200 |
₹4135 to 4200 |
|
Madhya Pradesh |
₹3960 to 3980 |
₹4030 to 4050 |
|
Punjab |
₹4050 to 4131 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 21 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 |
₹4,158.00 |
|
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 $498.90 ton, whereas the New York Sugar #11 front month contract is trading at 18.14 c/lb. The corn futures market trades at 486-0 and the ethanol Chicago trades at 1.77000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.175 whereas USD was trading with BRL at 5.8553 Crude WTI traded at $62.46 barrel. Sensex closed 855.30 points up at 79408.50 whereas Nifty closed 273.90 points higher at 24125.55
News Round-Up
Sharad Pawar, Deputy CM Ajit Pawar share stage to discuss artificial intelligence in sugar industry
Sharad Pawar, Deputy CM Ajit Pawar share stage to discuss artificial intelligence in sugar industry
Uttarakhand govt asks eateries to use less sugar in food during Char Dham Yatra
Uttarakhand govt asks eateries to use less sugar in food during Char Dham Yatra
Cooperation in areas of biofuel, bioenergy discussed between India and Brazil
Cooperation in areas of biofuel, bioenergy discussed between India and Brazil
