ChiniMandi, Mumbai: 23rd May 2025
Domestic Market
Domestic sugar prices remained stable
Domestic sugar prices have remained steady for the last three sessions. Prices are trading at two month low on sluggish off take from end users. Prices are expected to remain low due to sluggish demand and high rainfall activity in Southern and Eastern India.
M-grade sugar costs between Rs 3,950 and Rs 4,070 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,735 and Rs 3,790 per quintal in Kolhapur.
Ex-mill Sugar Prices as on May, 23 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3765 to 3790 |
₹3845 to 3870 |
|
South Karnataka |
₹3940 |
₹4000 |
|
Uttar Pradesh |
|
₹3950 to 4070 |
|
Gujarat |
₹3810 to 3831 |
₹3885 to 3901 |
|
Tamil Nadu |
₹4025 to 4250 |
₹4200 to 4300 |
|
Madhya Pradesh |
₹3915 to 3940 |
₹3985 to 4005 |
|
Punjab |
₹4060 to 4181 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 23 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,252.50 |
|
Kolhapur |
M/30 |
₹4,021.50 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,116.00 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
Chennai |
M/30 |
₹4,378.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $484.70 ton, whereas the New York Sugar #11 front month contract is trading at 17.31 c/lb. The corn futures market trades at 462-0 and the ethanol Chicago trades at 1.74000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.392 whereas USD was trading with BRL at 5.7160 Crude WTI traded at $60.15 barrel. Sensex closed 769.09 points up at 81721.08 whereas Nifty closed 243.45 points higher at 24853.15
News Round-Up
Nigeria requires $4.5 billion in investments to realise National Sugar Masterplan: NSDC
Nigeria requires $4.5 billion in investments to realise National Sugar Masterplan: NSDC
India and Brazil to drive global sugar production higher in 2025–26 season
India and Brazil to drive global sugar production higher in 2025–26 season
Reliance to invest Rs 75,000 crore in North East over next 5 years: Mukesh Ambani
Reliance to invest Rs 75,000 crore in North East over next 5 years: Mukesh Ambani
