ChiniMandi, Mumbai: 22nd Feb 2025
Domestic Market
Domestic sugar prices were stable
After two sessions of rise, domestic sugar prices were reported to be stable across the centers. Good demand after the recent price fall is supporting the prices in spot markets.
As per the update from the Maharashtra Sugar Commissioner, Maharashtra mills have produced 7.1 MMT with crushing 76.4 MMT of cane. As per the update, around 38 mills are closed operations out of 200 mills operational.
Sugar exports are typically priced between Rs 42,000 and 44,000 per MT. Low-quality whites will be parity till $475 per MT, and London whites of the most active contract is quoting at $534 per MT. S-grade sugar in Kolhapur ranges between Rs 3,730 and 3,800 per quintal, while M-grade sugar in Muzaffarnagar costs between Rs 4,000 and 4,050.
Ex-mill Sugar Prices as on Feb, 22 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3750 to 3760 |
₹3810 to 3870 |
|
South Karnataka |
₹3900 to 3950 |
₹3950 to 4000 |
|
Uttar Pradesh |
|
₹3990 to 4050 |
|
Gujarat |
₹3821 |
₹3921 |
|
Tamil Nadu |
₹4000 to 4050 |
₹4125 |
|
Madhya Pradesh |
₹4060 to 4080 |
₹4110 to 4140 |
|
Punjab |
₹4050 to 4121 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 22 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,273.50 |
|
Kanpur |
M/30 |
₹4,231.50 |
|
Kolhapur |
M/30 |
₹4,053.00 |
|
Kolkata |
M/30 |
₹4,336.50 |
|
Muzaffarnagar |
M/30 |
₹4,226.25 |
|
Ahmedabad |
M/30 |
₹4,189.50 |
|
Bangaluru |
M/30 |
₹4,210.50 |
|
Chennai |
M/30 |
₹4,326.00 |
News Round-Up
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Bring in law for sugarcane workers: High Court-appointed amicus curiae
