Daily Sugar Market Update By Vizzie – 03/10/2025

ChiniMandi, Mumbai: 3rd Oct 2025

Domestic Market
Domestic sugar prices were stable to weak

Sugar prices across major domestic markets reported to be steady to weak. Prices were reported lower by Rs 10 per quintal in Maharashtra and Karnataka while remained stable in Uttar Pradesh supported by firm demand. Prices are currently at multi-year highs, primarily driven by tight stock availability in the domestic market.

After a heavy rainfall, dry weather has been reported in key cane-growing regions of Maharashtra and Northern Karnataka which should prove beneficial for crop development. Meanwhile, the withdrawal of the monsoon has stalled and is expected to remain at its current position for the next 8–10 days.

In Muzaffarnagar, Uttar Pradesh, M-grade sugar is quoted at ₹4,040–₹4,140 per quintal, reflecting firmer pricing in northern markets. In comparison, S-grade sugar in Kolhapur, Maharashtra, is trading in the range of ₹3,840–₹3,890 per quintal, underscoring the regional price spread.

Ex-mill Sugar Prices as on  Oct, 03 2025 : 

State

S/30 

[Rates per Quintal] 

M/30

[Rates per Quintal] 

Maharashtra

₹3870 to 3900

₹3920 to 3940

South Karnataka

₹3950 to 3960

₹4010

Uttar Pradesh

  –

₹4040 to 4140

Gujarat

₹3901 to 3951

₹3901 to 3951

Tamil Nadu

₹4025 to 4100

₹4075 to 4150

Madhya Pradesh

₹4010 to 4020

₹4080 to 4090

Punjab

₹4150 to 4371

(All the above rates are excluding GST)

Destination-wise Spot Prices as on Oct, 03 2025 : 

City 

Grade 

Rate 

Delhi

M/30

₹4,420.50

Kanpur

M/30

₹4,410.00

Kolhapur

M/30

₹4,105.50

Kolkata

M/30

₹4,441.50

Muzaffarnagar

M/30

₹4,294.50

Ahmedabad

M/30

₹4,168.50

Bangaluru

M/30

₹4,368.00

Chennai

M/30

₹4,515.00

International Market

At the time of writing this update London White Sugar #The 5 front month contract is trading at $463.10 ton, whereas the New York Sugar # 11 The front month contract is trading at 16.56 c/lb. The corn futures market trades at 422-0 and the ethanol Chicago trades at 2.00500s

Currency, Commodity & Indian Indices

The rupee traded against the US dollar at 88.785 whereas USD was trading with BRL at 5.3386 Crude WTI traded at $60.69 a barrel. Sensex closed 223.86 points up at 81,207.17 whereas Nifty closed 57.95 points higher at 24,894.25.

News Round-Up

Sugar refineries in Indonesia likely to keep 2026 imports to lowest level in seven years

Sugar refineries in Indonesia likely to keep 2026 imports to lowest level in seven years

Brazil: Sugar production increases 15.72% in early September

Brazil: Sugar production increases 15.72% in early September

Philippines: SRA halts molasses imports to support local producers

Philippines: SRA halts molasses imports to support local producers

 

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