ChiniMandi, Mumbai: 8th May 2025
Domestic Market
Sugar prices were stable to weak
Domestic sugar prices were reported to be mostly stable across the major markets for the third session in Maharashtra and Karnataka. However, prices in Uttar Pradesh were reported lower by Rs 10-20 per quintal. 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 3,990 and Rs 4,120 in Muzaffarnagar.
Ex-mill Sugar Prices as on May, 8 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3790 to 3820 |
₹3870 to 3900 |
|
South Karnataka |
₹4020 to 4080 |
₹4095 |
|
Uttar Pradesh |
|
₹3990 to 4120 |
|
Gujarat |
₹3811 to 3851 |
₹3891 to 3941 |
|
Tamil Nadu |
₹4075 to 4250 |
₹4135 to 4300 |
|
Madhya Pradesh |
₹3935 to 3970 |
₹4005 to 4025 |
|
Punjab |
₹4090 to 4231 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 7 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 |
₹4,263.00 |
|
Ahmedabad |
M/30 |
₹4,126.50 |
|
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 $487.10 ton, whereas the New York Sugar #11 front month contract is trading at 17.22 c/lb. The corn futures market trades at 440-4 and the ethanol Chicago trades at 1.71000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.434 whereas USD was trading with BRL at 5.7372 Crude WTI traded at $59.15 barrel. Sensex closed 411.97 points down at 80334.81 whereas Nifty closed 140.60 points lower at 24273.80
News Round-Up
Sugar production in India set for significant rebound in 2025-26
Sugar production in India set for significant rebound in 2025-26
U.S. Weekly Ethanol Production and Exports Dip, Stocks Also Down
U.S. Weekly Ethanol Production and Exports Dip, Stocks Also Down
Madhya Pradesh: wheat procurement hits record high, surpasses revised target
Madhya Pradesh: wheat procurement hits record high, surpasses revised target
