ChiniMandi, Mumbai: 27th June 2025
Domestic Market
Domestic sugar prices continue to rise
Domestic sugar prices in the major markets were reported to be higher for the second session 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 20-30 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 3,950 and Rs 4,000 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,760 and Rs 3,800 in Kolhapur.
Ex-mill Sugar Prices as on June, 27 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3810 |
₹3870 to 3910 |
|
South Karnataka |
₹3950 to 3960 |
– |
|
Uttar Pradesh |
|
₹3950 to 4000 |
|
Gujarat |
₹3775 to 3801 |
₹3811 to 3841 |
|
Tamil Nadu |
₹4010 to 4200 |
₹4100 to 4250 |
|
Madhya Pradesh |
₹3860 to 3875 |
₹3930 to 3945 |
|
Punjab |
₹3980 to 4090 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 27 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,263.00 |
|
Kanpur |
M/30 |
₹4,242.00 |
|
Kolhapur |
M/30 |
₹4,021.50 |
|
Kolkata |
M/30 |
₹4,284.00 |
|
Muzaffarnagar |
M/30 |
₹4,147.50 |
|
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 $485.40 ton, whereas the New York Sugar #11 front month contract is trading at 15.99 c/lb. The corn futures market trades at 414-2 and the ethanol Chicago trades at 1.65000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.482 whereas USD was trading with BRL at 5.4725 Crude WTI traded at $65.65 barrel. Sensex closed 303.03 points up at 84058.90 whereas Nifty closed 88.80 points higher at 25637.80
News Round-Up
State-wise monthly sugar quota for sale in July 2025
Favourable monsoon to boost India’s sugar output, prices will remain range-bound: CRISIL
Favourable monsoon to boost India’s sugar output, prices will remain range-bound: CRISIL
IATA releases SAF matchmaker to connect airlines and SAF suppliers
IATA releases SAF matchmaker to connect airlines and SAF suppliers
