ChiniMandi, Mumbai: 11th April 2025
Domestic Market
Steady sentiment continued in domestic sugar prices
After weak sessions, domestic sugar prices in the major markets were reported to be stable across the major markets for the third session. Although prices are falling demand is said to be subdued. Buyers or stockiest are reluctant to buy as there is fear of stock limit is prices rally sharply. According to market participants, demand is subdued and need-based, despite lower quotas, which have kept prices in a range for the last 10-12 sessions.
The price of S-grade sugar in Kolhapur ranges from Rs 3,760 to Rs 3,810 per quintal, while M-grade sugar in Muzaffarnagar costs between Rs 3,980 and Rs 4,030
Ex-mill Sugar Prices as onย April, 11 2025 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3755 to 3775 |
โน3825 to 3845 |
|
South Karnataka |
โน3970 to 3985 |
โน4035 |
|
Uttar Pradesh |
|
โน3980 to 4030 |
|
Gujarat |
โน3821 to 3841 |
โน3921 to 3941 |
|
Tamil Nadu |
โน4030 to 4175 |
โน4090 to 4175 |
|
Madhya Pradesh |
โน3980 to 4000 |
โน4040 to 4070 |
|
Punjab |
โน4060 to 4100 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on April, 11 2025 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,273.50 |
|
Kanpur |
M/30 |
โน4,252.50 |
|
Kolhapur |
M/30 |
โน4,053.00 |
|
Kolkata |
M/30 |
โน4,315.50 |
|
Muzaffarnagar |
M/30 |
โน4,210.50 |
|
Ahmedabad |
M/30 |
โน4,126.50 |
|
Bangaluru |
M/30 |
โน4,242.00 |
|
Chennai |
M/30 |
โน4,357.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $525.80 ton, whereas the New York Sugar #11 front month contract is trading at 18.27c/lb. The corn futures market trades at 485-6 and the ethanol Chicago trades at 1.78000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.252 whereas USD was trading with BRL at 5.8300 Crude WTI traded at $60.32 barrel. Sensex closed 1310.11 points up at 75157.26 whereas Nifty closed 429.40 points higher at 22828.55
News Round-Up
China hikes tariffs on US goods to 125 per cent; Xi calls on EU to resist Trump bullying
China hikes tariffs on US goods to 125 per cent; Xi calls on EU to resist Trump bullying
Modernise sugarcane cultivation: UP cane administration launches new initiative to train network of master trainers
Indiaโs industrial production registers 2.9 per cent growth in February
India’s industrial production registers 2.9 per cent growth in February
