ChiniMandi, Mumbai: 23rd June 2025
Domestic Market
Domestic sugar prices were stable to weak
Domestic sugar prices in the major markets were reported to be steady to weak. Prices reported lower by Rs 10-20 per quintal in the major markets of North India while they were steady in Maharashtra and Karnataka.
Good rainfall activity is continued over major cane growing regions of Maharashtra and Karnataka, and monsoon activity is likely to remain heavy over Uttar Pradesh as well.
M-grade sugar costs between Rs 3,900 and Rs 3,960 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,700 and Rs 3,740 in Kolhapur.
Ex-mill Sugar Prices as on June, 23 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3735 to 3765 |
₹3775 to 3805 |
|
South Karnataka |
₹3910 |
– |
|
Uttar Pradesh |
|
₹3900 to 3960 |
|
Gujarat |
₹3775 to 3801 |
₹3811 to 3841 |
|
Tamil Nadu |
₹3975 to 4200 |
₹4100 to 4200 |
|
Madhya Pradesh |
₹3835 to 3850 |
₹3905 to 3920 |
|
Punjab |
₹4000 to 4111 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 23 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,210.50 |
|
Kanpur |
M/30 |
₹4,200.00 |
|
Kolhapur |
M/30 |
₹3,969.00 |
|
Kolkata |
M/30 |
₹4,242.00 |
|
Muzaffarnagar |
M/30 |
₹4,095.00 |
|
Ahmedabad |
M/30 |
₹4,011.00 |
|
Bangaluru |
M/30 |
₹4,221.00 |
|
Chennai |
M/30 |
₹4,368.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $472.20 ton, whereas the New York Sugar #11 front month contract is trading at 16.16 c/lb. The corn futures market trades at 422-6 and the ethanol Chicago trades at 1.66000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.723 whereas USD was trading with BRL at 5.5280 Crude WTI traded at $73.56 barrel. Sensex closed 511.38 points down at 81896.79 whereas Nifty closed 140.50 points lower at 24971.90
News Round-Up
India’s growing ethanol production capacity is fueling farmers’ prosperity and a greener future
India’s growing ethanol production capacity is fueling farmers’ prosperity and a greener future
Rising temperatures and extreme weather hit Asia hard: WMO Report
Rising temperatures and extreme weather hit Asia hard: WMO Report
Irregular rainfall and moisture evaporation raise concerns for maize cultivation in Marathwada: Official
