ChiniMandi, Mumbai: 23rd Sep 2025
Domestic Market
Domestic sugar prices were stable
Sugar prices in the major domestic markets reported to be stable across the major markets. As the spread between Maharashtra and Uttar Pradesh were narrowed it is widening with rise in prices in Uttar Pradesh.
Prices are currently trading at multi-year highs due to tight stock availability and an anticipated delay in the start of crushing operations, particularly in Karnataka. With the festive season approaching, demand is likely to stay strong, providing continued support to prices.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar is being traded in the range of ₹3,980–₹4,070 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar is quoted between ₹3,850 and ₹3,900 per quintal.
Ex-mill Sugar Prices as on Sep, 23 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3880 to 3910 |
₹3930 to 3950 |
|
South Karnataka |
₹3950 to 3960 |
₹4000 to 4010 |
|
Uttar Pradesh |
– |
₹3980 to 4070 |
|
Gujarat |
₹3920 to 3951 |
₹3941 to 3991 |
|
Tamil Nadu |
₹4035 to 4150 |
₹4100 to 4200 |
|
Madhya Pradesh |
₹3975 to 3985 |
₹4045 to 4055 |
|
Punjab |
– |
₹4030 to 4301 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Sep, 23 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,378.50 |
|
Kanpur |
M/30 |
₹4,368.00 |
|
Kolhapur |
M/30 |
₹4,116.00 |
|
Kolkata |
M/30 |
₹4,452.00 |
|
Muzaffarnagar |
M/30 |
₹4,242.00 |
|
Ahmedabad |
M/30 |
₹4,158.00 |
|
Bangaluru |
M/30 |
₹4,368.00 |
|
Chennai |
M/30 |
₹4,525.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $454.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.22 c/lb. The corn futures market trades at 421-6 and the ethanol Chicago trades at 1.97500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.795 whereas USD was trading with BRL at 5.3441 Crude WTI traded at $63.12 a barrel. Sensex closed 57.87 points down at 82,102.10 whereas Nifty closed 32.85 points lower at 25,169.50.
News Round-Up
ESY 2025-26: OMCs invite bids for around 1050 crore litres of ethanol
ESY 2025-26: OMCs invite bids for around 1050 crore litres of ethanol
Godavari Biorefineries Limited recognised with ICC – K. V. Mariwala Award for Industry–Academia Partnership
400 quintals of sugar go missing en route from cooperative sugar mill to Kolkata
400 quintals of sugar go missing en route from cooperative sugar mill to Kolkata
