ChiniMandi, Mumbai: 02nd June 2025
Domestic Market
Domestic sugar prices were traded weak
After trading steady for the four consecutive sessions, domestic sugar prices were reported to be weaker by Rs 5-10 per quintal across the major markets. According to the sources, demand appears to be muted, putting downward pressure on prices. As demand remains subdued, sentiment is said to be deteriorating.
After a heavy rainfall activity during the last week over the major cane growing regions of Maharashtra and Karnataka, the intensity has come down and is expected to remain so for a week. Drier weather after a heavy rainfall is likely to prove beneficial for the crop development.
M-grade sugar costs between Rs 3,940 and Rs 4,050 per quintal in Muzaffarnagar, while S-grade sugar costs between Rs 3,720 and Rs 3,780 in Kolhapur.
Ex-mill Sugar Prices as on June, 02 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3765 to 3790 |
₹3845 to 3870 |
|
South Karnataka |
₹3925 to 3950 |
– |
|
Uttar Pradesh |
|
₹3940 to 4050 |
|
Gujarat |
₹3801 to 3821 |
₹3861 to 3881 |
|
Tamil Nadu |
₹4010 to 4200 |
₹4150 to 4200 |
|
Madhya Pradesh |
₹3895 to 3915 |
₹3965 to 3985 |
|
Punjab |
₹4040 to 4181 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 02 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,226.25 |
|
Kolhapur |
M/30 |
₹4,011.00 |
|
Kolkata |
M/30 |
₹4,294.50 |
|
Muzaffarnagar |
M/30 |
₹4,210.50 |
|
Ahmedabad |
M/30 |
₹4,074.00 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
Chennai |
M/30 |
₹4,389.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $478.90 ton, whereas the New York Sugar #11 front month contract is trading at 17.21 c/lb. The corn futures market trades at 445-4 and the ethanol Chicago trades at 1.74750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.339 whereas USD was trading with BRL at 5.6936 Crude WTI traded at $63.40 barrel. Sensex closed 77.26 points down at 81373.75 whereas Nifty closed 34.10 points lower at 24716.60
News Round-Up
SAF boost: IATA to work with ISMA and Praj on global best practices for life cycle assessment of feedstocks use
Industry delegation suggests govt accelerated promotion and manufacturing of FFVs to boost ethanol demand
India’s GDP growth in Q4FY25 looked strong but hides weakness: Report
India’s GDP growth in Q4FY25 looked strong but hides weakness: Report
