ChiniMandi, Mumbai: 28th Oct 2025
Domestic Market
Domestic sugar prices were quoted stable
After trading weak over the past 3–4 sessions, domestic sugar prices ruled steady amid dull demand despite a lower monthly release quota. With the crushing season set to commence next week, market sentiment remains under pressure due to expectations of improved supply.
The Food Ministry has announced the monthly sugar quota for November 2025 at 20 lakh tonnes — 2 lakh tonnes lower than the same month last year and 4 lakh tonnes below the previous month’s allocation. This marks the lowest quota in the past 46 months; however, given the absence of major festivals in November, the allocation is considered adequate.
In Muzaffarnagar (Uttar Pradesh), M-grade sugar was quoted between ₹3,940 and ₹4,000 per quintal, while in Kolhapur (Maharashtra), S-grade sugar traded in the range of ₹3,750–₹3,790 per quintal.
Ex-mill Sugar Prices as on Oct, 28 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3760 |
₹3810 |
|
South Karnataka |
₹3950 to 3970 |
₹4000 |
|
Uttar Pradesh |
– |
₹3940 to 4000 |
|
Gujarat |
₹3851 to 3901 |
₹3855 to 3901 |
|
Tamil Nadu |
₹4010 |
₹4000 |
|
Madhya Pradesh |
₹3980 to 4010 |
₹4050 to 4080 |
|
Punjab |
– |
₹3850 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Oct, 28 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,294.50 |
|
Kolhapur |
M/30 |
₹3,979.50 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,158.00 |
|
Ahmedabad |
M/30 |
₹4,116.00 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
Chennai |
M/30 |
₹4,368.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $421.50 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.47 c/lb. The corn futures market trades at 430-4 and the ethanol Chicago trades at 1.84000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.265 whereas USD was trading with BRL at 5.3733 Crude WTI traded at $60.53 a barrel. Sensex closed 150.68 points down at 84628.16 whereas Nifty closed 29.85 points lower at 25936.20
News Round-Up
Toyota plans building ethanol plant in Indonesia: Report
GEMA urges govt to fast-track roadmap for enhanced ethanol blending and nationwide flex-fuel vehicle adoption
Cabinet approves nutrient based subsidy rates for Rabi 2025-26 on phosphatic and potassic fertilizers
Eliminating tariffs on ethanol exports to Malaysia and Cambodia will boost demand: National Corn Growers Association
