ChiniMandi, Mumbai: 15th Dec 2025
Domestic Market
Domestic sugar prices started to fall again
Domestic sugar prices have weakened again, weighed down by ample availability arising from the steady progress of the crushing season. With operations running smoothly across major producing states, buyers have continued to remain cautious, factoring in comfortable supply levels over the coming weeks. This expectation has kept overall market sentiment on the softer side.
According to the latest update from the NFCSF, Indian sugar production as of 15 December 2025 has reached 7.8 MMT, marking an increase of about 8.6% year on year. The higher output has been supported by improved cane crushing volumes and better sucrose recovery. Average sugar recovery has been reported at 8.64%, with 479 mills currently in operation during the ongoing season.
Spot prices in key physical markets reflected this mild downward pressure. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,950–₹4,050 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded slightly lower at ₹3,630–₹3,690 per quintal, extending the gradual decline observed in recent sessions.
Ex-mill Sugar Prices as on Dec, 15 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3700 to 3710 |
₹3750 to 3760 |
|
South Karnataka |
₹3925 |
₹3975 |
|
Uttar Pradesh |
– |
₹3950 to 4050 |
|
Gujarat |
₹3791 to 3811 |
₹3851 to 3871 |
|
Tamil Nadu |
₹3940 to 4100 |
₹4000 to 4150 |
|
Madhya Pradesh |
₹3820 to 3850 |
₹3890 to 3920 |
|
Punjab |
– |
₹4070 to 4121 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 15 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,294.50 |
|
Kanpur |
M/30 |
₹4,315.50 |
|
Kolhapur |
M/30 |
₹3,927.00 |
|
Kolkata |
M/30 |
₹4,326.00 |
|
Muzaffarnagar |
M/30 |
₹4,179.00 |
|
Ahmedabad |
M/30 |
₹4,116.00 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
Chennai |
M/30 |
₹4,326.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $423.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.93 c/lb. The corn futures market trades at 440-4 and the ethanol Chicago trades at 1.66000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.917 whereas USD was trading with BRL at 5.3881 Crude WTI traded at $57.16 a barrel. Sensex closed 54.30 points down at 85,213.36 whereas Nifty closed 19.65 points higher at 26,027.30.
News Round-Up
India’s sugar output reaches 77.90 LMT; NFCSF urges urgent MSP hike to protect farmers, stabilize sector
India likely to shift to ethanol-blended aviation fuel by mid-2027: Report
India likely to shift to ethanol-blended aviation fuel by mid-2027: Report
Overcapacity – Ethanol capacity is a national asset, not a burden
Overcapacity – Ethanol capacity is a national asset, not a burden
