ChiniMandi, Mumbai: 16th June 2025
Domestic Market
Domestic sugar prices were stable to higher
After a steady in yesterday session, domestic sugar prices in the major markets were reported to be stable to higher on good off take at lower levels. Prices were reported to be higher by Rs 10-20 per quintal in Uttar Pradesh while remaining stable over Maharashtra and Karnataka. As per the local traders, there were good inquiry in the last two sessions which supported the prices.
After a brief pause in monsoon, rainfall activity has started again over the major cane growing regions and forecast indicates good rains over major cane growing belts of South India and Maharashtra in the coming fortnight. And conditions are also favourable for further advancement of monsoon and may reach parts of cane growing regions in Uttar Pradesh by another 5-7 days.
M-grade sugar costs between Rs 3,930 and Rs 4,000 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,730 and Rs 3,760 in Kolhapur.
Ex-mill Sugar Prices as on June, 16 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3740 to 3770 |
₹3780 to 3810 |
|
South Karnataka |
₹3935 |
– |
|
Uttar Pradesh |
|
₹3930 to 4000 |
|
Gujarat |
₹3801 to 3811 |
₹3811 to 3851 |
|
Tamil Nadu |
₹3990 to 4175 |
₹4125 to 4150 |
|
Madhya Pradesh |
₹3855 to 3880 |
₹3925 to 3950 |
|
Punjab |
₹4000 to 4111 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 16 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,242.00 |
|
Kanpur |
M/30 |
₹4,221.00 |
|
Kolhapur |
M/30 |
₹4,021.50 |
|
Kolkata |
M/30 |
₹4,284.00 |
|
Muzaffarnagar |
M/30 |
₹4,137.00 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
Bangaluru |
M/30 |
₹4,231.50 |
|
Chennai |
M/30 |
₹4,378.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $462.00 ton, whereas the New York Sugar #11 front month contract is trading at 16.05 c/lb. The corn futures market trades at 439-0 and the ethanol Chicago trades at 1.67000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.948 whereas USD was trading with BRL at 5.5135 Crude WTI traded at $69.87 barrel. Sensex closed 677.55 points up at 81796.15 whereas Nifty closed 227.90 points higher at 24946.50
News Round-Up
Gujarat focuses on increasing biofuel production; companies plan to set up ethanol plants
Gujarat focuses on increasing biofuel production; companies plan to set up ethanol plants
UP Government purchasing maize from farmers at MSP
