ChiniMandi, Mumbai: 13th June 2025
Domestic Market
Domestic sugar prices bucked the downtrend
After a continuos fall, domestic sugar prices in the major markets were reported hihger on good off take at lower levels. Prices have recovered by Rs 10-20 per quintal across the markets. As per the local traders, there were good inquiry today which supported the prices.
Meanwhile, after a pause for brief period good rainfall activity was reported over the major cane growing regions and rains are expected to continue over the next week. Rainfal activity after a drier weather is likely to prove beneficial for crop development.
M-grade sugar costs between Rs 3,900 and Rs 4,000 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,730 and Rs 3,760 in Kolhapur.
Ex-mill Sugar Prices as on June, 13 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3750 to 3800 |
₹3855 to 3935 |
|
South Karnataka |
₹3925 |
– |
|
Uttar Pradesh |
|
₹3900 to 4000 |
|
Gujarat |
₹3801 to 3811 |
₹3811 to 3851 |
|
Tamil Nadu |
₹3980 to 4175 |
₹4125 to 4150 |
|
Madhya Pradesh |
₹3855 to 3875 |
₹3910 to 3945 |
|
Punjab |
₹4000 to 4111 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 13 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,231.50 |
|
Kanpur |
M/30 |
₹4,200.00 |
|
Kolhapur |
M/30 |
₹4,021.50 |
|
Kolkata |
M/30 |
₹4,263.00 |
|
Muzaffarnagar |
M/30 |
₹4,126.50 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
Bangaluru |
M/30 |
₹4,231.50 |
|
Chennai |
M/30 |
₹4,378.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $469.20 ton, whereas the New York Sugar #11 front month contract is trading at 16.38 c/lb. The corn futures market trades at 436-4 and the ethanol Chicago trades at 1.65750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.087 whereas USD was trading with BRL at 5.5668 Crude WTI traded at $73.54 barrel. Sensex closed 573.38 points down at 81,118.60 whereas Nifty closed 169.60 points lower at 24,718.60
News Round-Up
Hedgepoint: Bearish factors prevail amid higher global sugar supply expectations
Hedgepoint: Bearish factors prevail amid higher global sugar supply expectations
Indian government and ISMA pave way for enhanced farmer prosperity in sugarcane production
Indian government and ISMA pave way for enhanced farmer prosperity in sugarcane production
DCM Shriram to acquire 100% stake of Hindusthan Specialty Chemicals for Rs 375 Crores
DCM Shriram to acquire 100% stake of Hindusthan Specialty Chemicals for Rs 375 Crores
