ChiniMandi, Mumbai: 4th April 2025
Domestic Market
Domestic sugar prices were reported mixed
Domestic sugar prices in the major markets were reported to be mixed and weak, with prices falling by Rs 5-10 per quintal in Maharashtra and Karnataka. Firm sentiments were observed in Uttar Pradesh and other North Indian states. According to market participants, demand is need-based, despite lower quotas, which have kept prices in a range for the last 8-10 sessions.
The price of S-grade sugar in Kolhapur ranges from Rs 3,775 to Rs 3,825 per quintal, while M-grade sugar in Muzaffarnagar costs between Rs 4,030 and Rs 4,080.
Ex-mill Sugar Prices as on April, 04 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3775 to 3795 |
₹3845 to 3865 |
|
South Karnataka |
₹4000 to 4010 |
₹4060 |
|
Uttar Pradesh |
|
₹4030 to 4080 |
|
Gujarat |
₹3851 to 3881 |
₹3951 to 3981 |
|
Tamil Nadu |
₹4040 to 4200 |
₹4110 to 4200 |
|
Madhya Pradesh |
₹4020 |
₹4070 |
|
Punjab |
₹4080 to 4151 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 04 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,315.50 |
|
Kanpur |
M/30 |
₹4,294.50 |
|
Kolhapur |
M/30 |
₹4,068.75 |
|
Kolkata |
M/30 |
₹4,347.00 |
|
Muzaffarnagar |
M/30 |
₹4,263.00 |
|
Ahmedabad |
M/30 |
₹4,179.00 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
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 $542.20 ton, whereas the New York Sugar #11 front month contract is trading at 18.98c/lb. The corn futures market trades at 452-2 and the ethanol Chicago trades at 1.78500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.381whereas USD was trading with BRL at 5.6062 Crude WTI traded at $61.90 barrel. Sensex closed 930.67 points down at 75365.69 whereas Nifty closed 345.65 points lower at 22904.45
News Round-Up
Tamil Nadu: Govt to constitute expert committee to assess and enhance performance of cooperative and public sector sugar mills
Maharashtra: Officials asked to prepare comprehensive law to protect interests of sugarcane farmers and cutters
Gold touching new heights amid US reciprocal tariffs, uncertainty in global trade order
