ChiniMandi, Mumbai: 15th Dec 2025
Domestic Market
Domestic sugar prices started to fall again
Domestic sugar prices have weakened again, weighed down by ample availability arising from the steady progress of the crushing season. With operations running smoothly across major producing states, buyers have continued to remain cautious, factoring in comfortable supply levels over the coming weeks. This expectation has kept overall market sentiment on the softer side.
According to the latest update from the NFCSF, Indian sugar production as of 15 December 2025 has reached 7.8 MMT, marking an increase of about 8.6% year on year. The higher output has been supported by improved cane crushing volumes and better sucrose recovery. Average sugar recovery has been reported at 8.64%, with 479 mills currently in operation during the ongoing season.
Spot prices in key physical markets reflected this mild downward pressure. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of โน3,950โโน4,050 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded slightly lower at โน3,630โโน3,690 per quintal, extending the gradual decline observed in recent sessions.
Ex-mill Sugar Prices as on Dec, 15 2025 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3700 to 3710 |
โน3750 to 3760 |
|
South Karnataka |
โน3925 |
โน3975 |
|
Uttar Pradesh |
ย – |
โน3950 to 4050 |
|
Gujarat |
โน3791 to 3811 |
โน3851 to 3871 |
|
Tamil Nadu |
โน3940 to 4100 |
โน4000 to 4150 |
|
Madhya Pradesh |
โน3820 to 3850 |
โน3890 to 3920 |
|
Punjab |
– |
โน4070 to 4121 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 15 2025 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,294.50 |
|
Kanpur |
M/30 |
โน4,315.50 |
|
Kolhapur |
M/30 |
โน3,927.00 |
|
Kolkata |
M/30 |
โน4,326.00 |
|
Muzaffarnagar |
M/30 |
โน4,179.00 |
|
Ahmedabad |
M/30 |
โน4,116.00 |
|
Bangaluru |
M/30 |
โน4,242.00 |
|
Chennai |
M/30 |
โน4,326.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $423.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.93 c/lb. The corn futures market trades at 440-4 and the ethanol Chicago trades at 1.66000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.917 whereas USD was trading with BRL at 5.3881 Crude WTI traded at $57.16 a barrel. Sensex closed 54.30 points down at 85,213.36 whereas Nifty closed 19.65 points higher at 26,027.30.
News Round-Up
Indiaโs sugar output reaches 77.90 LMT; NFCSF urges urgent MSP hike to protect farmers, stabilize sector
India likely to shift to ethanol-blended aviation fuel by mid-2027: Report
India likely to shift to ethanol-blended aviation fuel by mid-2027: Report
Overcapacity โ Ethanol capacity is a national asset, not a burden
Overcapacity โ Ethanol capacity is a national asset, not a burden
