ChiniMandi, Mumbai: 9th July 2025
Domestic Market
Domestic sugar prices were reported weak
Domestic sugar prices in the major markets were reported to be weak. Prices were reported to be lower by Rs 10-20 per quintal. Prices were reported lower by Rs 10 per quintal over Uttar Pradesh and lower by Rs 10-20 per quintal in Maharashtra and Karnataka.
Heavy rainfall activity in Central and parts of India has impacted the trading activity to some extent. Demand is said to be very weak, although monthly quota was lower but off take is very sluggish which is keeping prices under control.
M-grade sugar costs between Rs 3,860 and Rs 3,940 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,710 and Rs 3,740 in Kolhapur.
Ex-mill Sugar Prices as on July, 09 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3735 to 3755 |
₹3815 to 3855 |
|
South Karnataka |
₹3880 to 3925 |
3880 |
|
Uttar Pradesh |
|
₹3860 to 3940 |
|
Gujarat |
₹3765 to 3791 |
₹3801 to 3831 |
|
Tamil Nadu |
₹4000 to 4175 |
₹4075 |
|
Madhya Pradesh |
₹3840 to 3855 |
₹3910 to 3925 |
|
Punjab |
₹3930 to 4101 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 09 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,221.00 |
|
Kanpur |
M/30 |
₹4,200.00 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,263.00 |
|
Muzaffarnagar |
M/30 |
₹4,105.50 |
|
Ahmedabad |
M/30 |
₹4,011.00 |
|
Bangaluru |
M/30 |
₹4,231.50 |
|
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 $489.00 ton, whereas the New York Sugar #The 11 front month contract is trading at 16.41 c/lb. The corn futures market trades at 412-0 and the ethanol Chicago trades at 1.71000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.679 whereas USD was trading with BRL at 5.4619 Crude WTI traded at $68.44 barrel. Sensex closed 176.43 points up at 83.536.08 whereas Nifty closed 46.40 points higher at 25,476.10.
News Round-Up
Sugar industry worried as ethanol allocation tilts towards grain
Sugar industry worried as ethanol allocation tilts towards grain
Philippines: SRA okays importation of 424,000 metric tonnes sugar
Philippines: SRA okays importation of 424,000 metric tonnes sugar
Kenya Sugar Board announces shutdown of milling operations in Western region amid cane shortage
Kenya Sugar Board announces shutdown of milling operations in Western region amid cane shortage
