ChiniMandi, Mumbai: 7th May 2025
Domestic Market
Sugar prices remained stable
Domestic sugar prices were reported to be mostly stable across the major
markets for the second session. Demand is said to be need based and lower monthly quota keeping demand and supply balanced which is keeping prices slighlty higher.
In Kolhapur, S-grade sugar costs between Rs 3,790 and Rs 3,850 per quintal, while M-grade sugar costs between Rs 4,000 and Rs 4,140 in Muzaffarnagar.
Ex-mill Sugar Prices as on May, 7 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3795 to 3835 |
₹3885 to 3905 |
|
South Karnataka |
₹4000 to 4060 |
₹4075 |
|
Uttar Pradesh |
|
₹4000 to 4140 |
|
Gujarat |
₹3811 to 3851 |
₹3891 to 3941 |
|
Tamil Nadu |
₹4050 to 4250 |
₹4110 to 4300 |
|
Madhya Pradesh |
₹3955 to 3980 |
₹4020 to 4035 |
|
Punjab |
₹4090 to 4231 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 7 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,336.50 |
|
Kanpur |
M/30 |
₹4,305.00 |
|
Kolhapur |
M/30 |
₹4,089.75 |
|
Kolkata |
M/30 |
₹4,368.00 |
|
Muzaffarnagar |
M/30 |
₹4,273.50 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
Chennai |
M/30 |
₹4,357.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $485.10 ton, whereas the New York Sugar #11 front month contract is trading at 17.16 c/lb. The corn futures market trades at 449-6 and the ethanol Chicago trades at 1.73500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.753 whereas USD was trading with BRL at 5.7207 Crude WTI traded at $59.36 barrel. Sensex closed 105.71 points up at 80,746.78 whereas Nifty closed 34.80 points higher at 24,414.40
News Round-Up
ADM ethanol business sees earnings boost in first quarter
Tamil Nadu farmers disappointed over sugarcane support price, shift to other crops
Tamil Nadu farmers disappointed over sugarcane support price, shift to other crops
Maharashtra sugarcane farmers turn to AI for higher yields and bigger profits
Maharashtra sugarcane farmers turn to AI for higher yields and bigger profits
