ChiniMandi, Mumbai: 09th June 2025
Domestic Market
Domestic sugar prices remained stable to weak.
Domestic sugar prices were reported to be stable or low in the major markets. Prices held steady in Maharashtra and Karnataka, but fell by Rs 10-20 per quintal in Uttar Pradesh. According to sources, the quota allocation in Uttar Pradesh was higher, which continued to put pressure on prices.
Demand appears flat, putting downward pressure on prices. Demand remains low, and sentiment appears to be deteriorating.
M-grade sugar costs between Rs 3,910 and Rs 4,010 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,715 and Rs 3,770 in Kolhapur.
Ex-mill Sugar Prices as on┬а June, 09 2025 :┬а
|
State |
S/30┬а [Rates per Quintal]┬а |
M/30 [Rates per Quintal]┬а |
|
Maharashtra |
тВ╣3740 to 3790 |
тВ╣3845 to 3925 |
|
South Karnataka |
тВ╣3860 to 3925 |
– |
|
Uttar Pradesh |
|
тВ╣3910 to 4010 |
|
Gujarat |
тВ╣3801 to 3811 |
тВ╣3811 to 3851 |
|
Tamil Nadu |
тВ╣3980 to 4200 |
тВ╣4125 to 4250 |
|
Madhya Pradesh |
тВ╣3875 to 3895 |
тВ╣3945 to 3965 |
|
Punjab |
тВ╣4000 to 4081 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 09 2025 :┬а
|
City┬а |
Grade┬а |
Rate┬а |
|
Delhi |
M/30 |
тВ╣4,252.50 |
|
Kanpur |
M/30 |
тВ╣4,210.50 |
|
Kolhapur |
M/30 |
тВ╣4,005.75 |
|
Kolkata |
M/30 |
тВ╣4,273.50 |
|
Muzaffarnagar |
M/30 |
тВ╣4,158.00 |
|
Ahmedabad |
M/30 |
тВ╣4,053.00 |
|
Bangaluru |
M/30 |
тВ╣4,231.00 |
|
Chennai |
M/30 |
тВ╣4,389.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $468.70 ton, whereas the New York Sugar #11 front month contract is trading at 16.64 c/lb. The corn futures market trades at 440.6 and the ethanol Chicago trades at 1.67500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.596 whereas USD was trading with BRL at 5.5569 Crude WTI traded at $64.97 barrel. Sensex closed 256.22 points up at 82445.21 whereas Nifty closed 100.15 points higher at 25103.20
News Round-Up
Maharashtra Deputy CM Ajit Pawar urges sugar MSP hike to sustain industry
Maharashtra Deputy CM Ajit Pawar urges sugar MSP hike to sustain industry
AI technology can increase sugarcane yield by over 30 per cent: Jayant Patil
AI technology can increase sugarcane yield by over 30 per cent: Jayant Patil
India to prioritise protecting farmersтАЩ interest in trade talks with US: Agriculture Minister
India to prioritise protecting farmers’ interest in trade talks with US: Agriculture Minister
Sugar Mills like Bajaj should be given interest free loan for payments of Farmer’s dues. Loan may be recovered from Ethanol/sale of Sugar by mill. It’s very bad on the part of Mills and Government that uncertainty prevail in making payments for purchased sugarcane.
N.B.Shrivastava,
At &P.O.Ahmed Nagar, Kheri