ChiniMandi, Mumbai: 12th May 2025
Domestic Market
Weak sentiment continued in sugar prices
Domestic sugar prices were reported to be mostly weak across the major markets. Prices have fallen by another Rs 5-10 per quintal in the major markets. Demand is said to be need based and lower monthly quota keeping demand and supply balanced which is keeping prices in the broader range. Despite the lower monthly quota subdued demand is keeping prices under control.
In Kolhapur, S-grade sugar costs between Rs 3,770 and Rs 3,820 per quintal, while M-grade sugar costs between Rs 3,970 and Rs 4,090 in Muzaffarnagar.
Ex-mill Sugar Prices as on May, 12 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3780 to 3820 |
₹3860 to 3890 |
|
South Karnataka |
₹3950 to 4000 |
₹4050 |
|
Uttar Pradesh |
|
₹3970 to 4090 |
|
Gujarat |
₹3811 to 3851 |
₹3891 to 3941 |
|
Tamil Nadu |
₹4075 to 4250 |
₹4250 to 4300 |
|
Madhya Pradesh |
₹3935 to 3955 |
₹4005 to 4025 |
|
Punjab |
₹4120 to 4251 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 12 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,326.00 |
|
Kanpur |
M/30 |
₹4,284.00 |
|
Kolhapur |
M/30 |
₹4,063.50 |
|
Kolkata |
M/30 |
₹4,357.50 |
|
Muzaffarnagar |
M/30 |
₹4,242.00 |
|
Ahmedabad |
M/30 |
₹4,116.00 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
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 $505.80 ton, whereas the New York Sugar #11 front month contract is trading at 18.01 c/lb. The corn futures market trades at 443-0 and the ethanol Chicago trades at 1.72250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 84.824 whereas USD was trading with BRL at 5.6508Crude WTI traded at $63.51 barrel. Sensex closed 2975.43 points up at 82429.90 whereas Nifty closed 916.70 points higher at 24924.70
News Round-Up
Sugar (Control) Order, 2025 not only safeguards farmers’ interests but also strengthens India’s position in global sugar market: Tarun Sawhney
RED’s Rs. 10 lakh engineering solution to empower first-time CBG developers, sees India to become biogas R&D powerhouse
Demand for corn remains stagnant in Iowa, as per the study related to ethanol industry
Demand for corn remains stagnant in Iowa, as per the study related to ethanol industry
