ChiniMandi, Mumbai: 30th April 2025
Domestic Market
Sugar prices were traded higher
Domestic sugar prices were reported to be higher by Rs 10-20 per quintal on good demand. As per the sources, above normal temperatures or heat waves are keeping demand higher. Additionally lower monthly quota also supporting the sentiment in the spot markets.
S-grade sugar costs between Rs 3,770 and Rs 3,830 per quintal in Kolhapur, while M-grade sugar ranges between Rs 4,000 and Rs 4,120 in Muzaffarnagar.
Ex-mill Sugar Prices as on April, 30 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3780 to 3820 |
₹3870 to 3890 |
|
South Karnataka |
₹4050 |
₹4100 |
|
Uttar Pradesh |
|
₹4000 to 4120 |
|
Gujarat |
₹3861 to 3891 |
₹3951 to 3981 |
|
Tamil Nadu |
₹4125 to 4225 |
₹4185 to 4250 |
|
Madhya Pradesh |
₹3970 |
₹4020 |
|
Punjab |
₹4090 to 4251 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 30 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,315.50 |
|
Kanpur |
M/30 |
₹4,284.00 |
|
Kolhapur |
M/30 |
₹4,068.75 |
|
Kolkata |
M/30 |
₹4,347.00 |
|
Muzaffarnagar |
M/30 |
₹4,263.00 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
Chennai |
M/30 |
₹4,357.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $503.50 ton, whereas the New York Sugar #11 front month contract is trading at 17.69 c/lb. The corn futures market trades at 461-4 and the ethanol Chicago trades at 1.78250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.500 whereas USD was trading with BRL at 5.6464 Crude WTI traded at $59.94 barrel. Sensex closed 46.14 points down at 80242.24 whereas Nifty closed 1.75 points lower at 24334.20
News Round-Up
Cabinet approves hike in sugarcane FRP by Rs 15 to Rs 355 per quintal for 2025-26 season
Cabinet approves hike in sugarcane FRP by Rs 15 to Rs 355 per quintal for 2025-26 season
87 per cent sugarcane dues cleared so far in 2024–25 sugar season
87 per cent sugarcane dues cleared so far in 2024–25 sugar season
Piyush Goyal meets Norway’s foreign minister Eide, discusses India-EFTA trade pact implementation
Piyush Goyal meets Norway’s foreign minister Eide, discusses India-EFTA trade pact implementation
