ChiniMandi, Mumbai: 26th April 2025
Domestic Market
Weak sentiment witnessed in domestic sugar prices
Sluggish demand continues to weigh on domestic sugar prices in the major spot markets. Prices were reported lower by Rs 10-20 per quintal across the 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 3,730 and Rs 3,790 per quintal in Kolhapur and M-grade sugar ranges between Rs 3,970 and Rs 4,070 in Muzaffarnagar.
Ex-mill Sugar Prices as on April, 26 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 |
|
₹3970 to 4070 |
|
Gujarat |
₹3831 to 3861 |
₹3921 to 3951 |
|
Tamil Nadu |
₹4075 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, 26 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,273.50 |
|
Kanpur |
M/30 |
₹4,252.50 |
|
Kolhapur |
M/30 |
₹4,037.25 |
|
Kolkata |
M/30 |
₹4,315.50 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,105.50 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
Chennai |
M/30 |
₹4,347.00 |
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