ChiniMandi, Mumbai: 25th June 2025
Domestic Market
Steady to higher sentiment witnessed in domestic sugar prices
Domestic sugar prices in the major markets were reported to be stable or higher. After a continuous fall in Uttar Pradesh, prices recovered by Rs 10-20 per quintal. They remained steady in Maharashtra and Karnataka for the third session.
Good rainfall activity has continued in the major cane-growing regions of Maharashtra and Karnataka, and monsoon activity is expected to remain heavy in Uttar Pradesh. Rainfall activity is likely to promote crop development. Monsoon covered most parts of Western Uttar Pradesh.
M-grade sugar costs between Rs 3,900 and Rs 3,950 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,700 and Rs 3,740 in Kolhapur.
Ex-mill Sugar Prices as on June, 25 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3730 to 3790 |
₹3800 to 3830 |
|
South Karnataka |
₹3920 |
– |
|
Uttar Pradesh |
|
₹3900 to 3950 |
|
Gujarat |
₹3775 to 3801 |
₹3811 to 3841 |
|
Tamil Nadu |
₹4000 to 4200 |
₹4100 to 4250 |
|
Madhya Pradesh |
₹3835 to 3850 |
₹3905 to 3920 |
|
Punjab |
₹3980 to 4090 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 25 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,231.50 |
|
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 $476.50 ton, whereas the New York Sugar #11 front month contract is trading at 15.84 c/lb. The corn futures market trades at 412-4 and the ethanol Chicago trades at 1.64750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.128 whereas USD was trading with BRL at 5.5385 Crude WTI traded at $65.00 barrel. Sensex closed 700.40 points up at 82,755.51 whereas Nifty closed 200.40 points higher at 25,244.75
News Round-Up
Brazil’s Petrobras may announce new partnership in ethanol business by end of this year
Brazil’s Petrobras may announce new partnership in ethanol business by end of this year
IMD forecasts heavy rainfall across several states till June 30
IMD forecasts heavy rainfall across several states till June 30
Adani Total Gas, Jio-bp partner to enhance quality fuel offerings
Adani Total Gas, Jio-bp partner to enhance quality fuel offerings
