ChiniMandi, Mumbai: 23nd Dec 2025
Domestic Market
Domestic sugar prices were mixed
Domestic sugar prices were reported mixed across key regions, with weak sentiment prevailing in Kolhapur while Western Uttar Pradesh witnessed a firmer undertone. Prices were reported lower by about ₹10 per quintal in Maharashtra and Karnataka, whereas Uttar Pradesh markets recorded a rise of ₹10–20 per quintal. In Maharashtra, prices remain under pressure due to ample availability as the crushing season progresses steadily. Additionally, the gap between export realizations and relatively higher domestic price levels is expected to continue weighing on overall market sentiment.
Spot prices in major physical markets reflected this subdued tone. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,940–₹4,000 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded slightly lower at ₹3,610–₹3,660 per quintal, extending the gradual decline observed over recent sessions.
Ex-mill Sugar Prices as on Dec, 23 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3680 to 3690 |
₹3730 to 3740 |
|
South Karnataka |
₹3850 |
₹3900 |
|
Uttar Pradesh |
– |
₹3940 to 4000 |
|
Gujarat |
₹3731 to 3771 |
₹3791 to 3831 |
|
Tamil Nadu |
₹3900 to 3975 |
₹3965 to 4075 |
|
Madhya Pradesh |
₹3795 to 3810 |
₹3865 to 3880 |
|
Punjab |
– |
₹4030 to 4101 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 23 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,305.00 |
|
Kolhapur |
M/30 |
₹3,916.50 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,158.00 |
|
Ahmedabad |
M/30 |
₹4,074.00 |
|
Bangaluru |
M/30 |
₹4,221.00 |
|
Chennai |
M/30 |
₹4,305.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $428.30 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.06 c/lb. The corn futures market trades at 448-4 and the ethanol Chicago trades at 1.65000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 89.573 whereas USD was trading with BRL at 5.5873 Crude WTI traded at $58.17 a barrel. Sensex closed 42.64 points down at 85,524.84 whereas Nifty closed 4.75 points higher at 26,177.15.
News Round-Up
Sugar mill owes dues worth Rs 28 crore to the cane farmers, crushing licence put on hold: BKU (Doaba)
Maharashtra produces 380.21 lakh quintals of sugar so far; recovery in Kolhapur reaches 10%
Maharashtra produces 380.21 lakh quintals of sugar so far; recovery in Kolhapur reaches 10%
BPCL wins award for 2G–1G integrated bio-ethanol refinery in Odisha
BPCL wins award for 2G–1G integrated bio-ethanol refinery in Odisha
