ChiniMandi, Mumbai: 05th June 2025
Domestic Market
Weak sentiment continued in domestic sugar prices
Domestic sugar prices were reported to be mostly weak across the major growing states. Prices have fallen by Rs 5-10 per quintal in the major centres. According to the sources, the price fall was more in Uttar Pradesh as compared with Maharashtra and Karnataka. As quota allocation was more in Uttar Pradesh which is continued to weigh on the prices.
Demand appears to be muted, putting downward pressure on prices. As demand remains subdued, sentiment is said to be deteriorating.
M-grade sugar costs between Rs 3,920 and Rs 4,030 per quintal in Muzaffarnagar, while S-grade sugar costs between Rs 3,715 and Rs 3,770 in Kolhapur.
Ex-mill Sugar Prices as on June, 05 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3740 to 3790 |
₹3845 to 3925 |
|
South Karnataka |
₹3900 to 3950 |
– |
|
Uttar Pradesh |
|
₹3920 to 4030 |
|
Gujarat |
₹3791 to 3811 |
₹3851 to 3871 |
|
Tamil Nadu |
₹4000 to 4200 |
₹4150 to 4250 |
|
Madhya Pradesh |
₹3885 to 3910 |
₹3955 to 3975 |
|
Punjab |
₹4010 to 4180 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 05 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,263.00 |
|
Kanpur |
M/30 |
₹4,210.50 |
|
Kolhapur |
M/30 |
₹4,005.75 |
|
Kolkata |
M/30 |
₹4,273.50 |
|
Muzaffarnagar |
M/30 |
₹4,189.50 |
|
Ahmedabad |
M/30 |
₹4,053.00 |
|
Bangaluru |
M/30 |
₹4,252.50 |
|
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 $463.10 ton, whereas the New York Sugar #11 front month contract is trading at 16.47 c/lb. The corn futures market trades at 440-4 and the ethanol Chicago trades at 1.68250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.687 whereas USD was trading with BRL at 5.6235 Crude WTI traded at $63.12 barrel. Sensex closed 443.79 points up at 81442.04 whereas Nifty closed 130.70 points higher at 24750.90
News Round-Up
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Uttar Pradesh aims to become leading hub for SAF manufacturing in India
Uttar Pradesh aims to become leading hub for SAF manufacturing in India
Uttar Pradesh: Former MLA launches campaign to reopen Rasra sugar mill in Ballia
Uttar Pradesh: Former MLA launches campaign to reopen Rasra sugar mill in Ballia
