ChiniMandi, Mumbai: 3rd Dec 2025
Domestic Market
Domestic sugar prices traded higher
Domestic sugar prices across major markets remained stable to marginally higher. Trade sources indicated that new-season sugar offered by mills was priced ₹10–₹20 per quintal above previous levels in several regions.
According to ISMA’s crushing update as of November 30, 2025, around 428 mills were operational, producing 4.11 MMT of sugar compared with 2.88 MMT during the same period last season. The year-on-year increase is driven primarily by sharply higher output from Maharashtra, while Uttar Pradesh has reported a modest rise. In contrast, delays and operational hindrances in certain regions have resulted in lower production.
In the key physical markets, M-grade sugar in Muzaffarnagar (Uttar Pradesh) was quoted between ₹4,060 and ₹4,130 per quintal. In Kolhapur (Maharashtra), S-grade sugar traded in the range of ₹3,700–₹3,750 per quintal, reflecting a steady to slightly softer tone.
Ex-mill Sugar Prices as on Dec, 03 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3750 to 3770 |
₹3780 to 3800 |
|
South Karnataka |
₹4025 |
₹4075 |
|
Uttar Pradesh |
– |
₹4060 to 4130 |
|
Gujarat |
₹3861 to 3881 |
₹3891 to 3911 |
|
Tamil Nadu |
₹4000 to 4140 |
₹4150 |
|
Madhya Pradesh |
₹3860 to 3950 |
₹3920 to 4000 |
|
Punjab |
– |
₹4251 to 4301 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 03 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,368.00 |
|
Kanpur |
M/30 |
₹4,378.50 |
|
Kolhapur |
M/30 |
₹3,979.50 |
|
Kolkata |
M/30 |
₹4,273.50 |
|
Muzaffarnagar |
M/30 |
₹4,284.00 |
|
Ahmedabad |
M/30 |
₹4,179.00 |
|
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 $431.10 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.06 c/lb. The corn futures market trades at 436-4 and the ethanol Chicago trades at 1.69500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.255 whereas USD was trading with BRL at 5.3216 Crude WTI traded at $59.35 a barrel. Sensex closed 31.46 points down at 85,106.81 whereas Nifty closed 46.20 points lower at 25,986.00.
News Round-Up
Stagnant sugar MSP, higher cane price risks delayed farmer payments: Deepak Ballani
Stagnant sugar MSP, higher cane price risks delayed farmer payments: Deepak Ballani
Banks, FIs sanction over Rs 42,000 cr in loans for new and expansion of sugarcane/grain-based distilleries till Oct 2025
Gujarat: GIDC to establish new Agro Food Park in Rajkot
