ChiniMandi, Mumbai: 9th May 2025
Domestic Market
Sugar prices were mostly stable
Domestic sugar prices were reported to be mostly stable across the major markets. Demand is said to be need based and lower monthly quota keeping demand and supply balanced which is keeping prices in the broader range. Despite the lower monthly quota subdued demand is keeping prices under control.
In Kolhapur, S-grade sugar costs between Rs 3,790 and Rs 3,850 per quintal, while M-grade sugar costs between Rs 3,990 and Rs 4,120 in Muzaffarnagar.
Ex-mill Sugar Prices as on May, 9 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3780 to 3810 |
₹3860 to 3890 |
|
South Karnataka |
₹4020 to 4080 |
₹4095 |
|
Uttar Pradesh |
|
₹3990 to 4120 |
|
Gujarat |
₹3811 to 3851 |
₹3891 to 3941 |
|
Tamil Nadu |
₹4075 to 4250 |
₹4135 to 4300 |
|
Madhya Pradesh |
₹3935 to 3970 |
₹4005 to 4025 |
|
Punjab |
₹4100 to 4251 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 9 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 |
₹4,263.00 |
|
Ahmedabad |
M/30 |
₹4,126.50 |
|
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 $500.80 ton, whereas the New York Sugar #11 front month contract is trading at 17.78 c/lb. The corn futures market trades at 440-6 and the ethanol Chicago trades at 1.71000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.384 whereas USD was trading with BRL at 5.6857 Crude WTI traded at $61.08 barrel. Sensex closed 880.34 points down at 79454.47 whereas Nifty closed 265.80 points lower at 24008.00
News Round-Up
India sets higher target of sugarcane for 2025-26, launches national outreach campaign for farmers
India sets higher target of sugarcane for 2025-26, launches national outreach campaign for farmers
India has sufficient food reserves: Shivraj Singh Chauhan amid escalation
India has sufficient food reserves: Shivraj Singh Chauhan amid escalation
SABA launches groundbreaking RFP to boost supply of next-generation sustainable aviation fuel
SABA launches groundbreaking RFP to boost supply of next-generation sustainable aviation fuel
