ChiniMandi, Mumbai: 26th June 2025
Domestic Market
Domestic sugar prices inched higher; Lower monthly quota than last year
Domestic sugar prices in the major markets were reported to be sharply higher on the back of lower monthly quota. Prices in the major markets of Uttar Pradesh, Maharashtra and Karnataka were reported to be higher by Rs 30-40 per quintal..
The Food Ministry has released the monthly quota for the month of July. As per the update, quota was reported at 22 lakh tons, lower by 1.0 lakh tons compared to the previous month and by 2.0 lakh tons compared to the previous year. Lower monthly quota has led to sharp increase in prices in the spot markets.
M-grade sugar costs between Rs 3,930 and Rs 3,980 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,730 and Rs 3,780 in Kolhapur.
Ex-mill Sugar Prices as on June, 26 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3750 to 3790 |
₹3850 to 3890 |
|
South Karnataka |
₹3920 |
– |
|
Uttar Pradesh |
|
₹3930 to 3980 |
|
Gujarat |
₹3775 to 3801 |
₹3811 to 3841 |
|
Tamil Nadu |
₹4000 to 4200 |
₹4100 to 4250 |
|
Madhya Pradesh |
₹3840 to 3855 |
₹3910 to 3925 |
|
Punjab |
₹3980 to 4090 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 26 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,242.00 |
|
Kanpur |
M/30 |
₹4,221.00 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,263.00 |
|
Muzaffarnagar |
M/30 |
₹4,126.50 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
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 $472.70 ton, whereas the New York Sugar #11 front month contract is trading at 15.74 c/lb. The corn futures market trades at 413-4 and the ethanol Chicago trades at 4.64500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.732 whereas USD was trading with BRL at 5.5455 Crude WTI traded at $65.25 barrel. Sensex closed 1,000.36 points up at 83,755.87 whereas Nifty closed 304.25 points higher at 25,549.00
News Round-Up
22 LMT monthly sugar quota released for July 2025; July 2024 consumption was 21.30 LMT
22 LMT monthly sugar quota released for July 2025; July 2024 consumption was 21.30 LMT
Supply chain disruption: Tripura has sugar stock for 22 days, says official
Supply chain disruption: Tripura has sugar stock for 22 days, says official
Britain’s ethanol plant begins closing-down procedures after US-UK trade deal
Britain’s ethanol plant begins closing-down procedures after US-UK trade deal
