ChiniMandi, Mumbai: 16th Sep 2025
Domestic Market
Domestic sugar prices reported stable
Sugar prices in the major domestic markets reported to be stable in the major markets. As prices are currently trading at multi-year highs, stockists or end users are buying need based which has kept prices slightly lower. However, due to tight stock availability and an anticipated delay in the start of crushing operations, particularly in Karnataka is likely to keep prices supported.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar is being traded in the range of ₹3,940–₹4,030 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar is quoted between ₹3,840 and ₹3,880 per quintal.
Ex-mill Sugar Prices as on Sep, 16 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3875 to 3905 |
₹3925 to 3945 |
|
South Karnataka |
₹3960 to 4000 |
₹4015 to 4050 |
|
Uttar Pradesh |
– |
₹3940 to 4030 |
|
Gujarat |
₹3890 to 3921 |
₹3911 to 3961 |
|
Tamil Nadu |
₹4075 to 4150 |
₹4125 to 4200 |
|
Madhya Pradesh |
₹3940 to 3965 |
₹4010 to 4035 |
|
Punjab |
– |
₹3990 to 4301 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Sep, 16 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,368.00 |
|
Kanpur |
M/30 |
₹4,347.00 |
|
Kolhapur |
M/30 |
₹4,110.75 |
|
Kolkata |
M/30 |
₹4,441.50 |
|
Muzaffarnagar |
M/30 |
₹4,200.00 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,357.50 |
|
Chennai |
M/30 |
₹4,515.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $465.20 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.88 c/lb. The corn futures market trades at 427-2 and the ethanol Chicago trades at 2.01500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.063 whereas USD was trading with BRL at 5.3168 Crude WTI traded at $63.69 a barrel. Sensex closed 594.95 points up at 82,380.69 whereas Nifty closed 169.90 points higher at 25,239.10.
News Round-Up
Hardeep Singh Puri on ethanol blending levels: “We will now assess where we have to go”
Hardeep Singh Puri on ethanol blending levels: “We will now assess where we have to go”
Crude oil prices to remain stable during rest of 2025: Anish De, KPMG energy sector head
Crude oil prices to remain stable during rest of 2025: Anish De, KPMG energy sector head
RBI likely to cut rates by 25 bps each in Oct, Dec MPC; CPI may avg at 2.4% in FY26: Morgan Stanley
RBI likely to cut rates by 25 bps each in Oct, Dec MPC; CPI may avg at 2.4% in FY26: Morgan Stanley
