ChiniMandi, Mumbai: 04th June 2025
Domestic Market
Weak sentiment reported in domestic sugar prices
Domestic sugar prices were reported to be mostly weak across the major growing states. Prices have fallen by Rs 5-10 per quintal in the major centres. According to the sources, demand appears to be muted, putting downward pressure on prices. As demand remains subdued, sentiment is said to be deteriorating.
After a heavy rainfall activity during the last week over the major cane growing regions of Maharashtra and Karnataka, the intesity has come down and is expected to remain so for a week. Drier weather after a heavy rainfall is likely to prove beneficial for the crop development.
M-grade sugar costs between Rs 3,930 and Rs 4,040 per quintal in Muzaffarnagar, while S-grade sugar costs between Rs 3,715 and Rs 3,775 in Kolhapur.
Ex-mill Sugar Prices as on June, 04 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3740 to 3790 |
₹3845 to 3925 |
|
South Karnataka |
₹3900 to 3950 |
– |
|
Uttar Pradesh |
|
₹3940 to 4050 |
|
Gujarat |
₹3791 to 3811 |
₹3851 to 3871 |
|
Tamil Nadu |
₹4000 to 4200 |
₹4150 to 4250 |
|
Madhya Pradesh |
₹3885 to 3910 |
₹3955 to 3975 |
|
Punjab |
₹4010 to 4180 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 04 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,273.50 |
|
Kanpur |
M/30 |
₹4,221.00 |
|
Kolhapur |
M/30 |
₹4,005.75 |
|
Kolkata |
M/30 |
₹4,284.00 |
|
Muzaffarnagar |
M/30 |
₹4,200.00 |
|
Ahmedabad |
M/30 |
₹4063.50 |
|
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 $474.50 ton, whereas the New York Sugar #11 front month contract is trading at 16.99 c/lb. The corn futures market trades at 444-0 and the ethanol Chicago trades at 1.70500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.765 whereas USD was trading with BRL at 5.6140 Crude WTI traded at $62.90 barrel. Sensex closed 260.74 points up at 80,998.25 whereas Nifty closed 77.70 points higher at 24,620.20
News Round-Up
Pankaja Munde expresses dissatisfaction with the work of corporation meant for welfare of sugarcane workers
Brazil: Enifer, ethanol producer team up to produce mycoprotein
Brazil: Enifer, ethanol producer team up to produce mycoprotein
Praj, IATA, and ISMA join forces to advance SAF carbon assessment and certification in India
Praj, IATA, and ISMA join forces to advance SAF carbon assessment and certification in India
