ChiniMandi, Mumbai: 25th Mar 2025
Domestic Market
Domestic sugar prices reported stable
After two weak sessions, domestic sugar prices were reported to be stable in the major markets. Although production is likely to fall to roughly 26 MMT, prices are falling due to weak demand. According to market insiders, demand is low following a dramatic rise in prices following the export announcement. Maharashtra has produced 7.95 MMT of sugar with 18 mills crushing, and the total may be about 8.0 MMT.
According to market sources, sugar for export is currently selling for around Rs 42,000 per MT. The most active contract values London whites at $541 per MT, while low-quality whites vary from par to $460 per MT. M-grade sugar in Muzaffarnagar ranges between Rs 3,980 and Rs 4,030 per quintal, and S-grade sugar in Kolhapur costs between Rs 3,740 and Rs 3,790.
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $542.00 ton, whereas the New York Sugar #11 front month contract is trading at 19.34c/lb. The corn futures market trades at 461-6 and the ethanol Chicago trades at 1.71500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.712 whereas USD was trading with BRL at 5.7397 Crude WTI traded at $69.62 barrel. Sensex closed 32.81 points higher at 78017.19 whereas Nifty closed 10.30 points higher at 23668.65
Ex-mill Sugar Prices as on Mar, 25 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 |
|
₹3980 to 4030 |
|
Gujarat |
₹3841 to 3851 |
₹3941 to 3951 |
|
Tamil Nadu |
₹4000 to 4200 |
₹4060 to 4200 |
|
Madhya Pradesh |
₹4020 to 4030 |
₹4090 to 4100 |
|
Punjab |
₹4090 to 4121 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 25 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,252.50 |
|
Kanpur |
M/30 |
₹4,210.50 |
|
Kolhapur |
M/30 |
₹4,021.50 |
|
Kolkata |
M/30 |
₹4,326.00 |
|
Muzaffarnagar |
M/30 |
₹4,179.00 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,231.50 |
|
Chennai |
M/30 |
₹4,347.00 |
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