ChiniMandi, Mumbai: 16th May 2025
Domestic Market
Domestic sugar prices traded stable to higher
Domestic sugar prices traded stable to higher. Prices were reported steady over Maharashtra and Karnataka while were traded higher by Rs 10-20 per quintal in Northern India. Above normal temperature or heat waves are helping domestic prices in Northern India.
In Kolhapur, S-grade sugar costs between Rs 3,750 and Rs 3,800 per quintal, while M-grade sugar costs between Rs 3,970 and Rs 4,080 in Muzaffarnagar.
Ex-mill Sugar Prices as on May, 16 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 |
|
₹3970 to 4080 |
|
Gujarat |
₹3811 to 3851 |
₹3891 to 3941 |
|
Tamil Nadu |
₹4075 to 4250 |
₹4250 to 4300 |
|
Madhya Pradesh |
₹3925 to 3950 |
₹3990 to 4015 |
|
Punjab |
₹4100 to 4221 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 16 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,326.00 |
|
Kanpur |
M/30 |
₹4,273.50 |
|
Kolhapur |
M/30 |
₹4,042.50 |
|
Kolkata |
M/30 |
₹4,336.50 |
|
Muzaffarnagar |
M/30 |
₹4,242.00 |
|
Ahmedabad |
M/30 |
₹4,116.00 |
|
Bengaluru |
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 $493.20 ton, whereas the New York Sugar #11 front month contract is trading at 17.67 c/lb. The corn futures market trades at 449-2 and the ethanol Chicago trades at 1.72000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.539 whereas USD was trading with BRL at 5.6997 Crude WTI traded at $61.78 barrel. Sensex closed 200.15 points down at 82330.59 whereas Nifty closed 42.30 points lower at 25019.80
News Round-Up
Nitin Gadkari holds bilateral meeting with Brazilian transport officials to boost ethanol economy cooperation
Season 2024-25: Sugar production updates by ISMA till May 15
Season 2024-25: Sugar production updates by ISMA till May 15
Mitsui Chemicals looking at ethanol to produce petrochemicals
Mitsui Chemicals looking at ethanol to produce petrochemicals
