ChiniMandi, Mumbai: 22nd Mar 2025
Domestic Market
Domestic sugar witnessed steady sentiment
Domestic sugar prices reported to be stable across the major markets. Although the production is lowering, prices are reporting lower on subdued demand. According to market participants, demand is low after a sharp increase in prices and dull demand is reported majorly from bulk buyers which is weighing on 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 $556 per MT, while low-quality whites range between par and $470 per MT. As per the market sources, around 6 lakh tons have contracted.
M-grade sugar in Muzaffarnagar ranges from Rs 4,010 to Rs 4,040 per quintal, while S-grade sugar in Kolhapur costs between Rs 3,750 and Rs 3,800.
Ex-mill Sugar Prices as on Mar, 22 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3800 |
₹3840 to 3860 |
|
South Karnataka |
₹3975 |
₹4025 |
|
Uttar Pradesh |
|
₹4010 to 4040 |
|
Gujarat |
₹3861 to 3861 |
₹3961 to 3961 |
|
Tamil Nadu |
₹4000 to 4200 |
₹4150 to 4200 |
|
Madhya Pradesh |
₹4020 to 4040 |
₹4070 to 4100 |
|
Punjab |
₹4090 to 4131 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 22 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 |
₹4,336.50 |
|
Muzaffarnagar |
M/30 |
₹4,189.50 |
|
Ahmedabad |
M/30 |
₹4,158.00 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
Chennai |
M/30 |
₹4,357.00 |
News Round-Up
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