ChiniMandi, Mumbai: 22nd April 2025
Domestic Market
Domestic sugar prices were lower
Prices for sugar in the major domestic markets were reported to be weak after trading steady to higher for 7-8 sessions. Prices were reported to be lower by Rs 5-2- across the markets. Demand is said to weak especially from bulk buyers which is weighing on the prices. Despite the lower production and lower monthly quota subdued demand is keeping prices in a broader range over the last two months.
S-grade sugar costs between Rs 3,760 and Rs 3,810 per quintal in Kolhapur and M-grade sugar ranges between Rs 4,000 and Rs 4,080 in Muzaffarnagar.
Ex-mill Sugar Prices as on April, 22 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 |
|
₹4000 to 4080 |
|
Gujarat |
₹3831 to 3861 |
₹3921 to 3951 |
|
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, 22 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,273.50 |
|
Kolhapur |
M/30 |
₹4,058.25 |
|
Kolkata |
M/30 |
₹4,326.00 |
|
Muzaffarnagar |
M/30 |
₹4,242.00 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
Chennai |
M/30 |
₹4,347.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $499.00 ton, whereas the New York Sugar #11 front month contract is trading at 17.83 c/lb. The corn futures market trades at 479-2 and the ethanol Chicago trades at 1.77000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.209 whereas USD was trading with BRL at 5.8553 Crude WTI traded at $63.33 barrel. Sensex closed 187.09 points up at 79595.59 whereas Nifty closed 41.70 points higher at 24,167.25.
News Round-Up
AI-powered revolution: Zuari Industries takes the lead, transforming sugar production and empowering farmers
Punjab: Sugar mill assures cane dues to be cleared soon depending on release of revenue from power generation and sugar sales
Biogas boost: NexGen Energia secures USD 1 billion from Kuwaiti company to expand CBG infrastructure across India
