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 onย May, 15 2025 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3785 to 3810 |
โน3865 to 3890 |
|
South Karnataka |
โน3940 to 4000 |
โน4050 |
|
Uttar Pradesh |
|
โน3950 to 4070 |
|
Gujarat |
โน3821 to 3861 |
โน3901 to 3951 |
|
Tamil Nadu |
โน4075 to 4250 |
โน4250 to 4300 |
|
Madhya Pradesh |
โน3935 to 3955 |
โน3990 to 4025 |
|
Punjab |
โน4120 to 4251 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 15 2025 :ย
|
Cityย |
Gradeย |
Rate |
|
Delhi |
M/30 |
โน4,315.50 |
|
Kanpur |
M/30 |
โน4,263.00 |
|
Kolhapur |
M/30 |
โน4,042.50 |
|
Kolkata |
M/30 |
โน4,336.50 |
|
Muzaffarnagar |
M/30 |
โน4,221.00 |
|
Ahmedabad |
M/30 |
โน4,105.50 |
|
Bangaluru |
M/30 |
โน4,263.00 |
|
Chennai |
M/30 |
โน4,357.50 |
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 โSugar Boardsโ to monitor and reduce sugar intake among children
CBSE asks schools to establish ‘Sugar Boards’ to monitor and reduce sugar intake among children
Indiaโs 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 2025โ26 season
