ChiniMandi, Mumbai: 11th June 2025
Domestic Market
Weak sentiment witnessed in domestic sugar prices
Domestic sugar prices continue to trade lower in the major markets on sluggish off take. Prices dropped by Rs 5-10 per quintal across the markets. 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 3,880 and Rs 4,000 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,710 and Rs 3,760 in Kolhapur.
Ex-mill Sugar Prices as on June, 11 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3740 to 3790 |
₹3845 to 3925 |
|
South Karnataka |
₹3925 |
– |
|
Uttar Pradesh |
|
₹3880 to 4000 |
|
Gujarat |
₹3801 to 3811 |
₹3811 to 3851 |
|
Tamil Nadu |
₹3980 to 4175 |
₹4125 to 4150 |
|
Madhya Pradesh |
₹3870 to 3895 |
₹3910 to 3965 |
|
Punjab |
₹4000 to 4130 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 11 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,231.50 |
|
Kanpur |
M/30 |
₹4,189.50 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,263.00 |
|
Muzaffarnagar |
M/30 |
₹4,116.00 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
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 $471.50 ton, whereas the New York Sugar #11 front month contract is trading at 16.51 c/lb. The corn futures market trades at 444-4 and the ethanol Chicago trades at 1.66500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.408 whereas USD was trading with BRL at 5.5400 Crude WTI traded at $66.11 barrel. Sensex closed 123.42 points up at 82515.14 whereas Nifty closed 37.15 points higher at 25141.40
News Round-Up
Income statements of sugar mills should be reviewed by State government and Centre: Sugarcane Growers’ Association
Ethanol boost: Sugar mills/distilleries, including grain-based units, generate Rs 2 lakh crore revenue in 11 years
Telangana government may go ahead with ethanol plant in Pedda Dhanwada
Telangana government may go ahead with ethanol plant in Pedda Dhanwada
