ChiniMandi, Mumbai: 4th July 2025
Domestic Market
Steady to weak sentiment witnessed in domestic sugar prices
Domestic sugar prices in the major markets were reported to be stable to weak. Proces were reported stable over Uttar Pradesh while they fell by Rs 20 per quintal in Maharashtra and Karnataka.
Demand is said to be very weak, although monthly quota was lower but off take is very sluggish which is keeping prices under control. Moreover, good rains across the country and excess in Central India have impacted the trading activity to some extent.
M-grade sugar costs between Rs 3,890 and Rs 3,960 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,730 and Rs 3,750 in Kolhapur.
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $483.60 ton, whereas the New York Sugar #The 11 front month contract is trading at 16.38 c/lb. The corn futures market trades at 431-4 and the ethanol Chicago trades at 1.72250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.415 whereas USD was trading with BRL at 5.4191 Crude WTI traded at $66.38 barrel. Sensex closed 193.42 points up at 83,432.89 whereas Nifty closed 55.70 points higher at 25,461.00
News Round-Up
Pending sugarcane payments: FIR warning to sugar mills over diversion of sugar sale funds
Pending sugarcane payments: FIR warning to sugar mills over diversion of sugar sale funds
French sugar company Tereos plans tenfold expansion of power client base in Brazil
French sugar company Tereos plans tenfold expansion of power client base in Brazil
