ChiniMandi, Mumbai: 1st Aug 2025
Domestic Market
Domestic sugar prices were stable to higher
Domestic sugar prices have reported to be stable to higher with prices rising in a few states. Prices in Maharashtra, Karnataka and Gujarat increased by Rs 20 per quintal. Prices have gained by almost Rs 100-120 per quintal over the last 3-4 sessions on lower monthly quota. As demand is said to be good ahead of the festive season, lower release of monthly quota fuelled the rally in the spot markets.
In terms of pricing, M-grade sugar is currently selling between Rs 4,000 and Rs 4,080 per quintal in Muzaffarnagar, while S-grade sugar costs range from Rs 3,860 to Rs 3,900 in Kolhapur.
Ex-mill Sugar Prices as on Aug, 1 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3900 to 3925 |
₹3960 to 4000 |
|
South Karnataka |
₹3980 to 4050 |
₹4050 |
|
Uttar Pradesh |
|
₹4000 to 4080 |
|
Gujarat |
₹3971 to 4001 |
₹3921 to 4031 |
|
Tamil Nadu |
₹4050 to 4200 |
₹4100 to 4250 |
|
Madhya Pradesh |
₹4020 to 4040 |
₹4095 to 4110 |
|
Punjab |
₹4050 to 4301 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Aug, 1 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,347.00 |
|
Kanpur |
M/30 |
₹4,305.00 |
|
Kolhapur |
M/30 |
₹4,158.00 |
|
Kolkata |
M/30 |
₹4,441.50 |
|
Muzaffarnagar |
M/30 |
₹4,242.50 |
|
Ahmedabad |
M/30 |
₹4,221.00 |
|
Bangaluru |
M/30 |
₹4,368.00 |
|
Chennai |
M/30 |
₹4,483.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $466.60 ton, whereas the New York Sugar # 11 The front month contract is trading at 16.29 c/lb. The corn futures market trades at 393-6 and the ethanol Chicago trades at 1.74500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 87.190 whereas USD was trading with BRL at 6.37049 Crude WTI traded at $69.32 a barrel. Sensex closed 585.67 points down at 80599.91 whereas Nifty closed 203.00 points lower at 24565.35.
News Round-Up
Sugar export approval and diversion for ethanol should be announced on time for sugar mills sustainability: ISMA
South Africa increases import duty on sugar
Trump’s latest 25% tariff will be applicable on all sectors, products from India, including pharma and electronics: GTRI
