ChiniMandi, Mumbai: 13th May 2025
Domestic Market
Domestic sugar prices were stable
After falling for two sessions, domestic sugar prices were reported to be mostly stable across the major markets. Demand is said to be need-based, and lower monthly quotas keep demand and supply balanced, resulting in prices in the broad range. Despite the lower monthly quota, subdued demand is keeping prices stable.
In Kolhapur, S-grade sugar costs between Rs 3,770 and Rs 3,820 per quintal, whereas M-grade sugar costs between Rs 3,970 and Rs 4,090 in Muzaffarnagar.
Ex-mill Sugar Prices as on May, 13 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3785 to 3810 |
₹3865 to 3890 |
|
South Karnataka |
₹3950 to 4000 |
₹4050 |
|
Uttar Pradesh |
|
₹3970 to 4090 |
|
Gujarat |
₹3821 to 3861 |
₹3901 to 3951 |
|
Tamil Nadu |
₹4075 to 4250 |
₹4250 to 4300 |
|
Madhya Pradesh |
₹3935 to 3955 |
₹3990 to 4025 |
|
Punjab |
₹4120 to 4251 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 13 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 $505.40 ton, whereas the New York Sugar #11 front month contract is trading at 18.00 c/lb. The corn futures market trades at 440-2 and the ethanol Chicago trades at 1.72000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.302 whereas USD was trading with BRL at 5.6819 Crude WTI traded at $62.73 barrel. Sensex closed 1281.68 points down at 81148.22 whereas Nifty closed 346.35 points lower at 24578.35
News Round-Up
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