ChiniMandi, Mumbai: 15th May 2025
Domestic Market
Domestic sugar prices were stable
After trading lower for a session, domestic sugar prices were reported to be stable across the major markets. Sluggish demand has pushed prices to a two-month low. Despite lower monthly quotas, sugar has remained unsold for the past two months, indicating a dull demand.
Meanwhile, good rains have been reported in the major cane-growing regions of Northern Karnataka and Western Maharashtra. Early rains are likely to be beneficial for cane development. There have also been reports of flash floods in the Gokak region of Karnataka, which are expected to benefit crop development and growth.
In Kolhapur, S-grade sugar costs between Rs 3,750 and Rs 3,800 per quintal, while M-grade sugar costs between Rs 3,950 and Rs 4,070 in Muzaffarnagar.
Ex-mill Sugar Prices as on May, 15 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3785 to 3810 |
₹3865 to 3890 |
|
South Karnataka |
₹3940 to 4000 |
₹4050 |
|
Uttar Pradesh |
|
₹3950 to 4070 |
|
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, 15 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,315.50 |
|
Kanpur |
M/30 |
₹4,263.00 |
|
Kolhapur |
M/30 |
₹4,042.50 |
|
Kolkata |
M/30 |
₹4,336.50 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,105.50 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
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 $497.60 ton, whereas the New York Sugar #11 front month contract is trading at 17.84 c/lb. The corn futures market trades at 438-46 and the ethanol Chicago trades at 1.70500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.463 whereas USD was trading with BRL at 5.6097 Crude WTI traded at $61.17 barrel. Sensex closed 1200.18 points up at 82,530.74 whereas Nifty closed 395.20 points higher at 25,062.10
News Round-Up
CBSE asks schools to establish ‘Sugar Boards’ to monitor and reduce sugar intake among children
CBSE asks schools to establish ‘Sugar Boards’ to monitor and reduce sugar intake among children
India’s sugar closing stock enough to meet domestic demand in October-November 2025: NFCSF
India’s sugar closing stock enough to meet domestic demand in October-November 2025: NFCSF
NFCSF urges govt for early announcement of 50 LMT sugar diversion target for ethanol in 2025–26 season
