ChiniMandi, Mumbai: 1st July 2025
Domestic Market
Domestic sugar prices were reported mixed
After trading steady for two sessions, domestic sugar prices in the major markets were reported to be mixed. Prices in the major markets of Uttar Pradesh fell by Rs 10-15 per quintal while Maharashtra and Karnataka were reported higher by Rs 10 per quintal.
Meanwhile, rainfall activity especially over Marathwada regions of Maharashtra was scanty with a 43% deficit so far in June. This should raise a concern on the standing crop as the forecast also indicates dry weather till July mid.
M-grade sugar costs between Rs 3,940 and Rs 3,990 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,770 and Rs 3,810 in Kolhapur.
Ex-mill Sugar Prices as on July, 01 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3730 to 3750 |
₹3830 to 3850 |
|
South Karnataka |
₹3900 to 3960 |
– |
|
Uttar Pradesh |
|
₹3940 to 3990 |
|
Gujarat |
₹3765 to 3791 |
₹3801 to 3831 |
|
Tamil Nadu |
₹4000 to 4175 |
₹4100 to 4200 |
|
Madhya Pradesh |
₹3850 to 3865 |
₹3920 to 3935 |
|
Punjab |
₹3980 to 4090 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 01 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,263.00 |
|
Kanpur |
M/30 |
₹4,242.00 |
|
Kolhapur |
M/30 |
₹4,032.00 |
|
Kolkata |
M/30 |
₹4,284.00 |
|
Muzaffarnagar |
M/30 |
₹4,137.00 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
Chennai |
M/30 |
₹4,378.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $465.40 ton, whereas the New York Sugar #11 front month contract is trading at 15.70 c/lb. The corn futures market trades at 416-0 and the ethanol Chicago trades at 1.68250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.548 whereas USD was trading with BRL at 5.4263 Crude WTI traded at $65.69 barrel. Sensex closed 90.83 points up at 83697.29 whereas Nifty closed 24.75 points higher at 25541.80
News Round-Up
Ethanol blending programme delivering substantial benefits including significant job creation across rural India: Tarun Sawhney
Czarnikow estimates 7.5 million tonnes global sugar surplus in 2025-26 season
Czarnikow estimates 7.5 million tonnes global sugar surplus in 2025-26 season
Floodwater enters Yamunanagar sugar mill in Haryana
