ChiniMandi, Mumbai: 16th April 2025
Domestic Market
Domestic sugar prices were reported stable
After trading higher for 2-3 sessions, prices for sugar in the major domestic markets were reported to be stable. Prices are at their lowest level in two months, which is supporting the prices over the last 3 to 4 sessions.
Meanwhile, NFCSF released sugar production data for the period until 15th April 2025. As per the update overall sugar production is at 25.4 MMT, lower by 18.4% y/y. Around 37 mills are operating when compared to 74 mills of the last season. In Maharashtra, 1 mill is operating and season is likely to conclude at 8.08 MMT. In Uttar Pradesh 22 mills are running and produced 9.1 MMT of sugar.
An acre of S-grade sugar costs between Rs 3,770 and Rs 3,820 in Kolhapur. An acre of M-grade sugar costs between Rs 4,010 and Rs 4,090 in Muzaffarnagar.
Ex-mill Sugar Prices as on┬а April, 16 2025 :┬а
|
State |
S/30┬а [Rates per Quintal]┬а |
M/30 [Rates per Quintal]┬а |
|
Maharashtra |
тВ╣3770 to 3790 |
тВ╣3840 to 3860 |
|
South Karnataka |
тВ╣4000 |
тВ╣4050 |
|
Uttar Pradesh |
|
тВ╣4010 to 4090 |
|
Gujarat |
тВ╣3845 to 3861 |
тВ╣4021 to 4041 |
|
Tamil Nadu |
тВ╣4070 to 4200 |
тВ╣4150 to 4200 |
|
Madhya Pradesh |
тВ╣3970 to 3980 |
тВ╣4020 to 4030 |
|
Punjab |
тВ╣4100 to 4160 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 16 2025 :┬а
|
City┬а |
Grade┬а |
Rate┬а |
|
Delhi |
M/30 |
тВ╣4,315.50 |
|
Kanpur |
M/30 |
тВ╣4,284.00 |
|
Kolhapur |
M/30 |
тВ╣4,063.50 |
|
Kolkata |
M/30 |
тВ╣4,326.00 |
|
Muzaffarnagar |
M/30 |
тВ╣4,252.50 |
|
Ahmedabad |
M/30 |
тВ╣4,147.50 |
|
Bangaluru |
M/30 |
тВ╣4,252.50 |
|
Chennai |
M/30 |
тВ╣4,357.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $489.90 ton, whereas the New York Sugar #11 front month contract is trading at 17.60 c/lb. The corn futures market trades at 482-6 and the ethanol Chicago trades at 1.78750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.731 whereas USD was trading with BRL at 5.8701 Crude WTI traded at $61.89 barrel. Sensex closed 309.40 points up at 77,044.29 whereas Nifty closed 108.65 points higher at 23,437.20
News Round-Up
India achieves 20 per cent ethanol blending in petrol ahead of target: Hardeep Singh Puri
India achieves 20 per cent ethanol blending in petrol ahead of target: Hardeep Singh Puri
Uttar Pradesh: Former MLA launches campaign to reopen sugar mill in Ballia
Maharashtra: Sugar production reaches 80.76 lakh tonnes as season nears end; one mill operational
