ChiniMandi, Mumbai: 25th April 2025
Domestic Market
Domestic sugar prices remained stable.
Sluggish demand continues to weigh on domestic sugar prices in the major spot markets. Prices are trading at a two-month low due to weak demand. Demand is said to be weak, particularly among bulk buyers, which is weighing on prices. Despite lower production and monthly quotas, subdued demand has kept prices in the lower two-month range.
On export front, parity is turned to negative with the recent fall in global prices coupled with stronger INR. However, as most of the quantity are contracted above $520 per MT, most of the sugar is likely to ship by mid June i.e., before the onset of monsoon over Maharashtra.
S-grade sugar costs between Rs 3,740 and Rs 3,800 per quintal in Kolhapur and M-grade sugar ranges between Rs 3,990 and Rs 4,080 in Muzaffarnagar.
Ex-mill Sugar Prices as on April, 25 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 |
|
₹3990 to 4080 |
|
Gujarat |
₹3831 to 3861 |
₹3921 to 3951 |
|
Tamil Nadu |
₹4075 to 4200 |
₹4135 to 4200 |
|
Madhya Pradesh |
₹3940 to 3970 |
₹4010 to 4030 |
|
Punjab |
₹4060 to 4171 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 25 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,263.00 |
|
Kolhapur |
M/30 |
₹4,047.75 |
|
Kolkata |
M/30 |
₹4,326.00 |
|
Muzaffarnagar |
M/30 |
₹4,231.50 |
|
Ahmedabad |
M/30 |
₹4,116.00 |
|
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 $506.80 ton, whereas the New York Sugar #11 front month contract is trading at 17.97 c/lb. The corn futures market trades at 479-0 and the ethanol Chicago trades at 1.76750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.409 whereas USD was trading with BRL at 5.6732 Crude WTI traded at $61.99 barrel. Sensex closed 588.90 points down at 79212.53 whereas Nifty closed 207.35 points lower at 24039.35
News Round-Up
Vasantdada Sugar Institute sets up committee to enhance use of artificial intelligence in sugarcane farming
NFCSF and IFGE join hands to promote sugarcane-based bioenergy in India
NFCSF and IFGE join hands to promote sugarcane-based bioenergy in India
