Domestic sugar prices were stable
Domestic sugar prices in major markets have been reported to remain stable over the last 2-3 sessions and are currently trading at multi-year lows. The Food Ministry announced on August 28, 2025, that a monthly sugar quota of 23.5 lakh metric tonnes (LMT) has been allocated for September 2025, which is the same as the quota allocated for September 2024.
The total sugar quota for the 2023–24 season (October 2023 to September 2024) was 291.50 LMT, whereas for the 2024–25 season (October 2024 to September 2025), the quota stands at 275.50 LMT.
Currently, the price of M-grade sugar is between ₹3,960 and ₹4,060 per quintal in Muzaffarnagar, Uttar Pradesh, while S-grade sugar is quoted between ₹3,840 and ₹3,880 per quintal in Kolhapur, Maharashtra. These price levels reflect the ongoing stability and multi-year low trading levels in the sugar market.
Ex-mill Sugar Prices as on Aug, 28 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3875 to 3905 |
₹3925 to 3945 |
|
South Karnataka |
₹4000 to 4050 |
₹4050 to 4100 |
|
Uttar Pradesh |
– |
₹3960 to 4060 |
|
Gujarat |
₹3900 to 3911 |
₹3925 to 3951 |
|
Tamil Nadu |
₹4070 to 4200 |
₹4130 to 4250 |
|
Madhya Pradesh |
₹4000 to 4025 |
₹4070 to 4095 |
|
Punjab |
– |
₹4020 to 4291 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Aug, 28 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,368.00 |
|
Kanpur |
M/30 |
₹4,347.00 |
|
Kolhapur |
M/30 |
₹4,126.50 |
|
Kolkata |
M/30 |
₹4,441.50 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,179.00 |
|
Bangaluru |
M/30 |
₹4,357.50 |
|
Chennai |
M/30 |
₹4,473.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $490.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 16.46 c/lb. The corn futures market trades at 380-6 and the ethanol Chicago trades at 1.87250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 87.602 whereas USD was trading with BRL at 5.4110 Crude WTI traded at $63.78 a barrel. Sensex closed 705.97 points down at 80,080.57 whereas Nifty closed 211.15 points lower at 24,500.90.
