ChiniMandi, Mumbai: 2nd Dec 2025
Domestic Market
Domestic sugar prices remained stable
Domestic sugar prices across major markets reported to be stable for the fourth session. The start of crushing activity coupled with subdued buying activity is weighed on sugar prices and are likely to remain under pressure in the upcoming sessions. Recently Uttar Pradesh has inched higher but are likely to trade lower in the upcoming sessions.
ISMA released the crushing update as of Nov 30 2025. As per the update around 428 mills are operating and produced 4.11 MMT of sugar compared to 2.88 MMT of the previous season. Sugar production is reported to be sharply higher in Maharashtra, while slightly up in Uttar Pradesh and hindrance in crushing has led to lower sugar production.
In key physical markets, M-grade sugar in Muzaffarnagar (Uttar Pradesh) was quoted between ₹4,040 and ₹4,110 per quintal. In Kolhapur (Maharashtra), S-grade sugar traded in the range of ₹3,690–₹3,740 per quintal, indicating a stable to slightly weak pricing trend.
Ex-mill Sugar Prices as on Dec, 02 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3750 to 3770 |
₹3780 to 3800 |
|
South Karnataka |
₹4025 |
₹4075 |
|
Uttar Pradesh |
– |
₹4040 to 4110 |
|
Gujarat |
₹3881 to 3901 |
₹3911 to 3931 |
|
Tamil Nadu |
₹4000 to 4140 |
₹4060 to 4150 |
|
Madhya Pradesh |
₹3900 to 3950 |
₹3950 to 4000 |
|
Punjab |
– |
₹3820 to 4301 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 02 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,357.50 |
|
Kanpur |
M/30 |
₹4,357.50 |
|
Kolhapur |
M/30 |
₹3,958.50 |
|
Kolkata |
M/30 |
₹4,273.50 |
|
Muzaffarnagar |
M/30 |
₹4,284.00 |
|
Ahmedabad |
M/30 |
₹4,158.00 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
Chennai |
M/30 |
₹4,368.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $422.10 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.73 c/lb. The corn futures market trades at 433-4 and the ethanol Chicago trades at 1.71000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 89.982 whereas USD was trading with BRL at 5.3567 Crude WTI traded at $59.19 a barrel. Sensex closed 503.63 points down at 85,138.27 whereas Nifty closed 143.55 points lower at 26,032.20.
News Round-Up
Telangana: Madhucon Sugar factory offers farmers 0.5 kg free sugar for every tonne of cane supplied
Telangana: Madhucon Sugar factory offers farmers 0.5 kg free sugar for every tonne of cane supplied
Cane cost rise in UP, Karnataka, Punjab, Haryana and Uttarakhand lifts pan-India average sugar production cost to Rs 41.72/kg: ISMA
Maize production increased by nearly 30% from 337.30 LMT in 2021-22 to 443 LMT in 2024-25: Minister
Maize production increased by nearly 30% from 337.30 LMT in 2021-22 to 443 LMT in 2024-25: Minister
