ChiniMandi, Mumbai: 12th Nov 2025
Domestic Market
Domestic sugar prices were stable
Domestic sugar prices remained stable across major markets, with demand continuing to be need-based and overall offtake limited. In Karnataka, farmers have called off their protest after the state government fixed the cane price at ₹3,300 per tonne for 11.25% recovery and ₹3,000 per tonne for 10.25% recovery,
inclusive of a ₹100 per tonne bonus, which has resulted in start of crushing activity with most of the mills started operations.
The Government of India has permitted the export of 15 lakh tonnes of sugar and removed the 50% export duty on molasses. However, with global sugar prices witnessing a sharp decline recently, export contracts will require close monitoring. On the positive side, strong demand from the European Union for molasses is expected to support robust export activity in the coming months.
In regional markets, M-grade sugar in Muzaffarnagar (Uttar Pradesh) was quoted at ₹4,000–4,080 per quintal, while S-grade sugar in Kolhapur (Maharashtra) traded between ₹3,750 and ₹3,780 per quintal.
Ex-mill Sugar Prices as on Nov, 12 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3790 |
₹3800 to 3820 |
|
South Karnataka |
₹4020 |
₹4070 |
|
Uttar Pradesh |
– |
₹4000 to 4080 |
|
Gujarat |
₹3831 to 3871 |
₹3831 to 3871 |
|
Tamil Nadu |
₹4075 to 4150 |
₹4150 |
|
Madhya Pradesh |
₹3915 to 3970 |
₹3985 to 4040 |
|
Punjab |
– |
₹3850 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Nov, 12 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,347.00 |
|
Kanpur |
M/30 |
₹4,326.00 |
|
Kolhapur |
M/30 |
₹3,984.75 |
|
Kolkata |
M/30 |
₹4,368.00 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
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 $408.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.29 c/lb. The corn futures market trades at 432-2 and the ethanol Chicago trades at 1.83500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.615 whereas USD was trading with BRL at 5.2722 Crude WTI traded at $60.35 a barrel. Sensex closed 595.21 points up at 84,466.51 whereas Nifty closed 180.85 points higher at 25,875.80.
News Round-Up
Low prices and bearish funds weigh on Indian sugar export outlook: Saira Ali
Low prices and bearish funds weigh on Indian sugar export outlook: Saira Ali
CBG boost in India: Trualt Bioenergy enters JVA and SPA with Japan-based Sumitomo Corporation
CBG boost in India: Trualt Bioenergy enters JVA and SPA with Japan-based Sumitomo Corporation
TruAlt Bioenergy financial results: Quarter reflects planned shutdowns, safety-led commissioning activity and dual-feed transition across 65 percent of installed capacity
