ChiniMandi, Mumbai: 10th June 2025
Domestic Market
Domestic sugar prices remained stable to weak.
Domestic sugar prices were found to be stable or low in the major markets. Prices remained stable in Maharashtra and Karnataka, but dropped by Rs 10-20 per quintal in Uttar Pradesh. According to sources, the quota allocation in Uttar Pradesh was higher, which pushed up prices.
Demand appears to be weak, which is putting downward pressure on prices. Demand remains low, and sentiment seems to be deteriorating.
M-grade sugar costs between Rs 3,890 and Rs 4,000 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,715 and Rs 3,770 in Kolhapur.
Ex-mill Sugar Prices as on June, 10 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3740 to 3790 |
₹3845 to 3925 |
|
South Karnataka |
₹3925 |
– |
|
Uttar Pradesh |
|
₹3890 to 4000 |
|
Gujarat |
₹3801 to 3811 |
₹3811 to 3851 |
|
Tamil Nadu |
₹3980 to 4175 |
₹4125 to 4150 |
|
Madhya Pradesh |
₹3875 to 3895 |
₹3945 to 3965 |
|
Punjab |
₹4000 to 4130 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 10 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,242.00 |
|
Kanpur |
M/30 |
₹4,200.00 |
|
Kolhapur |
M/30 |
₹4,005.75 |
|
Kolkata |
M/30 |
₹4,273.50 |
|
Muzaffarnagar |
M/30 |
₹4,126.50 |
|
Ahmedabad |
M/30 |
₹4,032.00 |
|
Bangaluru |
M/30 |
₹4,231.00 |
|
Chennai |
M/30 |
₹4,389.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $473.50 ton, whereas the New York Sugar #11 front month contract is trading at 16.75 c/lb. The corn futures market trades at 431-4 and the ethanol Chicago trades at 1.66000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.564 whereas USD was trading with BRL at 5.5495 Crude WTI traded at $65.72 barrel. Sensex closed 53.49 points down at 82391.72 whereas Nifty closed 1.05 points higher at 25104.25
News Round-Up
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Tariff reduction on farm products is risky, should be debated under proposed India-US trade deal: GTRI
