ChiniMandi, Mumbai: 6th May 2025
Domestic Market
Sugar prices were mostly stable
Domestic sugar prices were reported to be mostly stable across the major markets. Demand is said to be need based and lower monthly quota keeping demand and supply balanced which is keeping prices in the broader range.
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, 6 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3795 to 3835 |
₹3885 to 3905 |
|
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 |
₹3955 to 3980 |
₹4020 to 4045 |
|
Punjab |
₹4100 to 4211 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 6 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 |
₹4,137.00 |
|
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 $496.60 ton, whereas the New York Sugar #11 front month contract is trading at 17.56 c/lb. The corn futures market trades at 448-6 and the ethanol Chicago trades at 1.75750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.364 whereas USD was trading with BRL at 5.6517 Crude WTI traded at $58.64 barrel. Sensex closed 155.77 points down at 80641.07 whereas Nifty closed 81.55 points lower at 24379.60
News Round-Up
Ghana sugarcane farmers demand swift action to revive Komenda sugar factory
Ghana sugarcane farmers demand swift action to revive Komenda sugar factory
Adani Power bags 1,500 MW power contract from UP government: UP Energy Minister
Adani Power bags 1,500 MW power contract from UP government: UP Energy Minister
CM Siddaramaiah orders revival plan for three struggling sugar factories in Karnataka
CM Siddaramaiah orders revival plan for three struggling sugar factories in Karnataka
