ChiniMandi, Mumbai: 3rd Oct 2025
Domestic Market
Domestic sugar prices were stable to weak
Sugar prices across major domestic markets reported to be steady to weak. Prices were reported lower by Rs 10 per quintal in Maharashtra and Karnataka while remained stable in Uttar Pradesh supported by firm demand. Prices are currently at multi-year highs, primarily driven by tight stock availability in the domestic market.
After a heavy rainfall, dry weather has been reported in key cane-growing regions of Maharashtra and Northern Karnataka which should prove beneficial for crop development. Meanwhile, the withdrawal of the monsoon has stalled and is expected to remain at its current position for the next 8–10 days.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar is quoted at ₹4,040–₹4,140 per quintal, reflecting firmer pricing in northern markets. In comparison, S-grade sugar in Kolhapur, Maharashtra, is trading in the range of ₹3,840–₹3,890 per quintal, underscoring the regional price spread.
Ex-mill Sugar Prices as on Oct, 03 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3870 to 3900 |
₹3920 to 3940 |
|
South Karnataka |
₹3950 to 3960 |
₹4010 |
|
Uttar Pradesh |
– |
₹4040 to 4140 |
|
Gujarat |
₹3901 to 3951 |
₹3901 to 3951 |
|
Tamil Nadu |
₹4025 to 4100 |
₹4075 to 4150 |
|
Madhya Pradesh |
₹4010 to 4020 |
₹4080 to 4090 |
|
Punjab |
– |
₹4150 to 4371 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Oct, 03 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,420.50 |
|
Kanpur |
M/30 |
₹4,410.00 |
|
Kolhapur |
M/30 |
₹4,105.50 |
|
Kolkata |
M/30 |
₹4,441.50 |
|
Muzaffarnagar |
M/30 |
₹4,294.50 |
|
Ahmedabad |
M/30 |
₹4,168.50 |
|
Bangaluru |
M/30 |
₹4,368.00 |
|
Chennai |
M/30 |
₹4,515.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $463.10 ton, whereas the New York Sugar # 11 The front month contract is trading at 16.56 c/lb. The corn futures market trades at 422-0 and the ethanol Chicago trades at 2.00500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.785 whereas USD was trading with BRL at 5.3386 Crude WTI traded at $60.69 a barrel. Sensex closed 223.86 points up at 81,207.17 whereas Nifty closed 57.95 points higher at 24,894.25.
News Round-Up
Sugar refineries in Indonesia likely to keep 2026 imports to lowest level in seven years
Sugar refineries in Indonesia likely to keep 2026 imports to lowest level in seven years
Brazil: Sugar production increases 15.72% in early September
Brazil: Sugar production increases 15.72% in early September
Philippines: SRA halts molasses imports to support local producers
Philippines: SRA halts molasses imports to support local producers
