ChiniMandi, Mumbai: 3rd July 2025
Domestic Market
Steady to weak sentiment witnessed in domestic sugar prices
Domestic sugar prices in the major markets were reported to be stable to weak. Prices have fallen by Rs 10-20 per quintal across the major markets of Uttar Pradesh due to subdued demand. However, steady sentiment is witnessed in Maharashtra and Karnataka.
IMD has released the July month forecast on 30th June. As per the update, rains are expected to remain at 106% above normal in most of the regions with exception of North East and extreme Southern India.
Meanwhile, rainfall activity especially over Marathwada regions of Maharashtra was scanty with a 43% deficit so far in June. This should raise a concern on the standing crop as the forecast also indicates dry weather till July mid.
M-grade sugar costs between Rs 3,890 and Rs 3,960 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,750 and Rs 3,790 in Kolhapur.
Ex-mill Sugar Prices as on July, 03 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3740 to 3760 |
₹3820 to 3860 |
|
South Karnataka |
₹3900 to 3960 |
– |
|
Uttar Pradesh |
|
₹3890 to 3960 |
|
Gujarat |
₹3765 to 3791 |
₹3801 to 3831 |
|
Tamil Nadu |
₹4000 to 4175 |
₹4100 to 4200 |
|
Madhya Pradesh |
₹3840 to 3855 |
₹3910 to 3925 |
|
Punjab |
₹3970 to 4080 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 06 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,231.50 |
|
Kanpur |
M/30 |
₹4,210.50 |
|
Kolhapur |
M/30 |
₹4,011.00 |
|
Kolkata |
M/30 |
₹4,273.50 |
|
Muzaffarnagar |
M/30 |
₹4,116.00 |
|
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 $476.30 ton, whereas the New York Sugar #The 11 front month contract is trading at 16.15 c/lb. The corn futures market trades at 432-6 and the ethanol Chicago trades at 1.71500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.559 whereas USD was trading with BRL at 5.4395 Crude WTI traded at $67.43 barrel. Sensex closed 170.22 points down at 83,239.47 whereas Nifty closed 48.10 points lower at 25,405.30
News Round-Up
India’s sugar sector grows into a Rs 1.3 lakh crore industry: Pralhad Joshi
India’s sugar sector grows into a Rs 1.3 lakh crore industry: Pralhad Joshi
Karnataka withdraws permit exemption for ethanol, electric, methanol vehicles
Karnataka withdraws permit exemption for ethanol, electric, methanol vehicles
