ChiniMandi, Mumbai: 27th May 2025
Domestic Market
Domestic sugar prices quoted weak; Onset of monsoon earlier than normal
After remaining stable for five sessions, prices in the major markets fell by Rs 5-10 per quintal. Prices have fallen to a new two-month low due to weak end-user demand. Prices are expected to remain low due to slow demand and heavy rains in Southern and Eastern India.
The southwest monsoon arrived in Kerala on Saturday, May 24, eight days ahead of the usual date of June 1st, marking the earliest onset since 2009. Heavy rainfall was reported in the major cane-growing regions of Maharashtra and Karnataka.
M-grade sugar costs between Rs 3,940 and Rs 4,060 per quintal in Muzaffarnagar, while S-grade sugar costs between Rs 3,730 and Rs 3,785 in Kolhapur.
Ex-mill Sugar Prices as on May, 27 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3765 to 3790 |
₹3845 to 3870 |
|
South Karnataka |
₹3935 |
₹3985 |
|
Uttar Pradesh |
|
₹3940 to 4060 |
|
Gujarat |
₹3800 to 3811 |
₹3875 to 3881 |
|
Tamil Nadu |
₹4010 to 4200 |
₹4150 to 4200 |
|
Madhya Pradesh |
₹3900 to 3920 |
₹3970 to 3980 |
|
Punjab |
₹4050 to 4151 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 27 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,294.50 |
|
Kanpur |
M/30 |
₹4,242.00 |
|
Kolhapur |
M/30 |
₹4,016.25 |
|
Kolkata |
M/30 |
₹4,294.50 |
|
Muzaffarnagar |
M/30 |
₹4,210.50 |
|
Ahmedabad |
M/30 |
₹4,084.50 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
Chennai |
M/30 |
₹4,389.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $486.10 ton, whereas the New York Sugar #11 front month contract is trading at 17.29 c/lb. The corn futures market trades at 458-6 and the ethanol Chicago trades at 1.73750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.326whereas USD was trading with BRL at 5.6525 Crude WTI traded at $61.30 barrel. Sensex closed 624.82 points down at 81551.63 whereas Nifty closed 174.95 points lower at 24826.20
News Round-Up
IMD forecasts India to get above-normal June rainfall
ED conducts search operations in ongoing Rs 350-crore bank fraud probe involving sugar factory
ED conducts search operations in ongoing Rs 350-crore bank fraud probe involving sugar factory
MoPNG writes to Punjab government urging reconsideration of fee levied on ethanol production
MoPNG writes to Punjab government urging reconsideration of fee levied on ethanol production
