ChiniMandi, Mumbai: 14th May 2025
Domestic Market
Domestic sugar prices were traded lower
After remaining stable for a session, domestic sugar prices were reported to be lower across the major markets. Prices fell by Rs 10-20 per quinal in the major markets as demand is said to sluggish. Start of rainfall actviivty over Southern and Central India is also led to sluggish demand despite the lower monthly quota.
Meanwhile, there are reports of good rains over the major cane growing regions of Northern Karnataka and Western Maharashtra. Eary rains are likely to prove beneficial for cane development. And there are reports of flash floods in Gokak regions of Karnataka which is also likely to prove beneficial for crop development and growth.
In Kolhapur, S-grade sugar costs between Rs 3,750 and Rs 3,800 per quintal, whereas M-grade sugar costs between Rs 3,950 and Rs 4,070 in Muzaffarnagar.
Ex-mill Sugar Prices as on┬а May, 14 2025 :┬а
|
State |
S/30┬а [Rates per Quintal]┬а |
M/30 [Rates per Quintal]┬а |
|
Maharashtra |
тВ╣3785 to 3810 |
тВ╣3865 to 3890 |
|
South Karnataka |
тВ╣3950 to 4000 |
тВ╣4050 |
|
Uttar Pradesh |
|
тВ╣3950 to 4070 |
|
Gujarat |
тВ╣3821 to 3861 |
тВ╣3901 to 3951 |
|
Tamil Nadu |
тВ╣4075 to 4250 |
тВ╣4250 to 4300 |
|
Madhya Pradesh |
тВ╣3935 to 3955 |
тВ╣3990 to 4025 |
|
Punjab |
тВ╣4110 to 4251 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 14 2025 :┬а
|
City┬а |
Grade┬а |
Rate┬а |
|
Delhi |
M/30 |
тВ╣4,315.50 |
|
Kanpur |
M/30 |
тВ╣4,263.00 |
|
Kolhapur |
M/30 |
тВ╣4,042.50 |
|
Kolkata |
M/30 |
тВ╣4,336.50 |
|
Muzaffarnagar |
M/30 |
тВ╣4,221.00 |
|
Ahmedabad |
M/30 |
тВ╣4,105.50 |
|
Bangaluru |
M/30 |
тВ╣4,263.00 |
|
Chennai |
M/30 |
тВ╣4,357.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $505.60 ton, whereas the New York Sugar #11 front month contract is trading at 18.08 c/lb. The corn futures market trades at 436-6 and the ethanol Chicago trades at 1.70750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.347 whereas USD was trading with BRL at 5.6259 Crude WTI traded at $62.73 barrel. Sensex closed 182.34 points up at 81,330.56 whereas Nifty closed 88.55 points higher at 24,666.90
News Round-Up
Revitalising MaharashtraтАЩs cooperative sugar sector: A call for structural reform and policy intervention
Government begins talks with auto OEMs over new ethanol blending target: Media report
Government begins talks with auto OEMs over new ethanol blending target: Media report
Shivraj Singh Chouhan, Chhattisgarh CM hold high-level review of Agriculture department work
Shivraj Singh Chouhan, Chhattisgarh CM hold high-level review of Agriculture department work
