ChiniMandi, Mumbai: 24th Dec 2025
Domestic Market
Domestic sugar prices were stable to higher
Domestic sugar prices were reported to be steady to higher across key regions, with steady sentiment prevailing in Kolhapur while Western Uttar Pradesh witnessed a firmer undertone. 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 ₹3,950–₹4,020 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, 24 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3680 to 3690 |
₹3730 to 3740 |
|
South Karnataka |
₹3825 |
₹3875 |
|
Uttar Pradesh |
– |
₹3950 to 4020 |
|
Gujarat |
₹3731 to 3771 |
₹3791 to 3831 |
|
Tamil Nadu |
₹3875 to 3950 |
₹3935 to 4025 |
|
Madhya Pradesh |
₹3790 to 3820 |
₹3860 to 3905 |
|
Punjab |
– |
₹4030 to 4141 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 24 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,326.00 |
|
Kolhapur |
M/30 |
₹3,916.50 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,168.50 |
|
Ahmedabad |
M/30 |
₹4,074.00 |
|
Bangaluru |
M/30 |
₹4,200.00 |
|
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 $435.20 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.31 c/lb. The corn futures market trades at 449-2 and the ethanol Chicago trades at 1.65000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 89.611 whereas USD was trading with BRL at 5.5208 Crude WTI traded at $58.54 a barrel. Sensex closed 116.14 points down at 85408.70 whereas Nifty closed 35.05 points lower at 26142.10
News Round-Up
Sugar-producing company enters tripartite agreement with GAIL and MNGL for biogas supply
Sugar-producing company enters tripartite agreement with GAIL and MNGL for biogas supply
Bihar industry delegation meets Union Petroleum Secretary to represent concerns of ethanol producers
Bihar industry delegation meets Union Petroleum Secretary to represent concerns of ethanol producers
Chinese researchers explore turning tobacco into ethanol
