ChiniMandi, Mumbai: 17th Nov 2025
Domestic Market
Domestic sugar prices were stable to weak
Domestic sugar prices traded stable to slightly weak across major markets, as buying remained largely need-based and overall demand continued to be subdued. With the sugarcane crushing season now underway in most producing states, market sentiment remains under pressure, and prices are expected to stay soft in the near term. Muzaffarnagar reported a decline of ₹10–20 per quintal, whereas markets in Maharashtra and North Karnataka held steady without notable movement.
The sugarcane crushing season has begun actively, and the latest fortnightly update from the National Federation of Cooperative Sugar Factories Limited (NFCSF) indicates a sharp increase in mill participation. A total of 325 mills have started crushing operations, significantly higher than 144 mills during the same period last year. Consequently, total cane crushed has risen to 128 lakh metric tonnes (LMT), compared with 91 LMT a year ago. Sugar production has also improved to 10.50 LMT, up from 7.10 LMT last season, while the average recovery rate stands at 8.2%, better than last year’s 7.80%.
In key regional markets, M-grade sugar in Muzaffarnagar (Uttar Pradesh) was quoted at ₹3,980–4,070 per quintal, reflecting the mild decline in prices. Meanwhile, S-grade sugar in Kolhapur (Maharashtra) traded in the range of ₹3,730–3,760 per quintal, maintaining a stable tone.
Ex-mill Sugar Prices as on Nov, 17 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3790 |
₹3800 to 3820 |
|
South Karnataka |
₹4000 |
₹4050 |
|
Uttar Pradesh |
– |
₹3980 to 4070 |
|
Gujarat |
₹3831 to 3871 |
₹3831 to 3871 |
|
Tamil Nadu |
₹4030 to 4150 |
₹4150 to 4200 |
|
Madhya Pradesh |
₹3910 to 3950 |
₹3980 to 4020 |
|
Punjab |
– |
₹3741 to 4231 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Nov, 17 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,347.00 |
|
Kanpur |
M/30 |
₹4,326.00 |
|
Kolhapur |
M/30 |
₹3,979.50 |
|
Kolkata |
M/30 |
₹4,368.00 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,284.00 |
|
Chennai |
M/30 |
₹4,410.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $431.60 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.80 c/lb. The corn futures market trades at 431-2 and the ethanol Chicago trades at 1.82000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.578 whereas USD was trading with BRL at 5.3081 Crude WTI traded at $59.96 a barrel. Sensex closed 388.17 points up at 84,950.95 whereas Nifty closed 103.40 points higher at 26,013.45.
News Round-Up
325 mills begin crushing operations in India; sugar production at 10.50 LMT: NFCSF
325 mills begin crushing operations in India; sugar production at 10.50 LMT: NFCSF
Pakistan decides to deregulate sugar industry: Media report
Kisan Mahapanchayat demands ‘Maize Control Order’ to ensure fair prices for farmers
Kisan Mahapanchayat demands ‘Maize Control Order’ to ensure fair prices for farmers
