ChiniMandi, Mumbai: 17th June 2025
Domestic Market
Domestic sugar prices were mostly stable
Domestic sugar prices in the major markets continued to remain stable on good off take at lower levels. Prices were reported stable across the markets of Uttar Pradesh, Maharashtra and Karnataka. As per the local traders, there were good inquiry in the last 3-4 sessions at current levels.
After a brief pause in monsoon, rainfall activity has started again over the major cane growing regions and forecast indicates good rains over major cane growing belts of South India and Maharashtra in the coming fortnight. And conditions are also favourable for further advancement of monsoon and may reach parts of cane growing regions in Uttar Pradesh by another 5-7 days.
M-grade sugar costs between Rs 3,930 and Rs 4,000 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,720 and Rs 3,760 in Kolhapur.
Ex-mill Sugar Prices as on June, 17 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3740 to 3770 |
₹3780 to 3810 |
|
South Karnataka |
₹3935 |
– |
|
Uttar Pradesh |
|
₹3930 to 4000 |
|
Gujarat |
₹3801 to 3811 |
₹3811 to 3851 |
|
Tamil Nadu |
₹3990 to 4175 |
₹4125 to 4200 |
|
Madhya Pradesh |
₹3855 to 3880 |
₹3925 to 3950 |
|
Punjab |
₹4000 to 4111 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 17 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,242.00 |
|
Kanpur |
M/30 |
₹4,221.00 |
|
Kolhapur |
M/30 |
₹3,990.00 |
|
Kolkata |
M/30 |
₹4,284.00 |
|
Muzaffarnagar |
M/30 |
₹4,137.00 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
Bangaluru |
M/30 |
₹4,231.50 |
|
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 $472.30 ton, whereas the New York Sugar #11 front month contract is trading at 16.18 c/lb. The corn futures market trades at 434-4 and the ethanol Chicago trades at 1.66500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.326 whereas USD was trading with BRL at 5.4955 Crude WTI traded at $71.40 barrel. Sensex closed 212.85 points down at 81583.30 whereas Nifty closed 93.10 points lower at 24853.40
News Round-Up
Guyana: President Irfaan Ali promises to make sugar ‘great again’
Guyana: President Irfaan Ali promises to make sugar ‘great again’
ESY 2024-25: Average ethanol blending from November 2024 to May 2025 at 18.8 per cent
ESY 2024-25: Average ethanol blending from November 2024 to May 2025 at 18.8 per cent
Sugarcane sowing reaches 55.07 lakh hectares as of June 13: Department of Agriculture & Farmers’ Welfare
