ChiniMandi, Mumbai: 31st Oct 2025
Domestic Market
Domestic sugar prices remained stable
After declining since mid-October, domestic sugar prices have stabilised over the past two to three sessions. Prices are currently steady amid subdued demand, with no significant festive buying expected despite a lower monthly release quota. Market sentiment remains cautious as the sugarcane crushing season is set to commence shortly, raising expectations of increased supply in the coming weeks.
In regional markets, M-grade sugar in Muzaffarnagar (Uttar Pradesh) was quoted at ₹3,940–4,000 per quintal, while S-grade sugar in Kolhapur (Maharashtra) traded in the range of ₹3,740–3,780 per quintal.
Ex-mill Sugar Prices as on Oct, 31 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3780 to 3800 |
₹3810 to 3830 |
|
South Karnataka |
₹3970 to 3975 |
₹4025 |
|
Uttar Pradesh |
– |
₹3940 to 4000 |
|
Gujarat |
₹3851 to 3901 |
₹3855 to 3901 |
|
Tamil Nadu |
₹4025 to 4075 |
₹4100 |
|
Madhya Pradesh |
₹3970 to 4000 |
₹4040 to 4070 |
|
Punjab |
– |
₹3850 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Oct, 31 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,273.50 |
|
Kolhapur |
M/30 |
₹3,969.00 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,158.00 |
|
Ahmedabad |
M/30 |
₹4,095.00 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
Chennai |
M/30 |
₹4,357.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $415.40 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.36 c/lb. The corn futures market trades at 427-6 and the ethanol Chicago trades at 1.71500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.702 whereas USD was trading with BRL at 5.3810 Crude WTI traded at $60.47 a barrel. Sensex closed 465.75 points down at 83938.71 whereas Nifty closed 155.75 points lower at 25722.10
News Round-Up
Baramati Agro moves High Court against Maharashtra govt’s sugarcane levy
Baramati Agro moves High Court against Maharashtra govt’s sugarcane levy
Uttar Pradesh: Mawana Sugars begins cane crushing operations at two sugar units
Uttar Pradesh: Mawana Sugars begins cane crushing operations at two sugar units
Unlocking ethanol potential : A solution to revitalize the industry
Unlocking ethanol potential : A solution to revitalize the industry
