ChiniMandi, Mumbai: 5th May 2025
Domestic Market
Sugar prices were reported to be stable to weak
Domestic sugar prices were reported to be stable to weak, following a marginal rise in the previous session. Prices were mostly steady in Karnataka and Maharashtra, but fell by Rs 10 per quintal in the northern states.
As sugarcane FRP has increased, there is a demand for an increase in sugar MSP, which is expected to keep sentiment positive in the coming days. With temperatures above normal throughout the country, demand is expected to be strong.
In Kolhapur, S-grade sugar costs between Rs 3,790 and Rs 3,850 per quintal, while M-grade sugar costs between Rs 4,000 and Rs 4,140 in Muzaffarnagar.
Ex-mill Sugar Prices as on May, 5 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3800 to 3840 |
₹3890 to 3910 |
|
South Karnataka |
₹4060 to 4075 |
₹4125 |
|
Uttar Pradesh |
|
₹4000 to 4140 |
|
Gujarat |
₹3811 to 3851 |
₹3891 to 3941 |
|
Tamil Nadu |
₹4150 to 4250 |
₹4210 to 4300 |
|
Madhya Pradesh |
₹3980 to 3985 |
₹4030 to 4035 |
|
Punjab |
₹4130 to 4245 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 5 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,336.50 |
|
Kanpur |
M/30 |
₹4,305.00 |
|
Kolhapur |
M/30 |
₹4,089.75 |
|
Kolkata |
M/30 |
₹4,368.00 |
|
Muzaffarnagar |
M/30 |
₹4,273.50 |
|
Ahmedabad |
M/30 |
₹4,147.50 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
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 $489.70 ton, whereas the New York Sugar #11 front month contract is trading at 17.33 c/lb. The corn futures market trades at 458-0 and the ethanol Chicago trades at 1.78500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.189 whereas USD was trading with BRL at 5.6391 Crude WTI traded at $57.28 barrel. Sensex closed 294.85 points up at 80796.84 whereas Nifty closed 114.45 points higher at 24461.15
News Round-Up
Uttar Pradesh : Sugarcane survey begins in Amroha; 193 teams deployed across 990 villages
Uttar Pradesh : Sugarcane survey begins in Amroha; 193 teams deployed across 990 villages
Relief for sugarcane farmers as mills procure 70.17 lakh quintals more despite reduced acreage
Relief for sugarcane farmers as mills procure 70.17 lakh quintals more despite reduced acreage
India’s diesel demand rebounds in April, records 4% growth
