ChiniMandi, Mumbai: 18th Dec 2025
Domestic Market
Domestic sugar prices were stable
Domestic sugar prices were reported largely stable in today’s session, following a continuous decline over the past four to five sessions driven by ample availability as the crushing season progresses steadily. With crushing operations running smoothly across key producing states, buyers have remained cautious, factoring in comfortable supply prospects in the weeks ahead. As a result, overall market sentiment continued to stay on the softer side.
Spot prices in major physical markets reflected this subdued tone. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,950–₹4,020 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded slightly lower at ₹3,640–₹3,680 per quintal, extending the gradual decline seen over recent sessions.
Ex-mill Sugar Prices as on Dec, 18 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3690 to 3700 |
₹3740 to 3750 |
|
South Karnataka |
₹3900 |
₹3950 |
|
Uttar Pradesh |
– |
₹3950 to 4020 |
|
Gujarat |
₹3751 to 3791 |
₹3811 to 3851 |
|
Tamil Nadu |
₹3925 to 4100 |
₹3985 to 4150 |
|
Madhya Pradesh |
₹3805 to 3840 |
₹3875 to 3880 |
|
Punjab |
– |
₹4050 to 4100 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 18 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,305.00 |
|
Kolhapur |
M/30 |
₹3,927.00 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,168.50 |
|
Ahmedabad |
M/30 |
₹4,105.50 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
Chennai |
M/30 |
₹4,315.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $419.50 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.62 c/lb. The corn futures market trades at 442-4 and the ethanol Chicago trades at 1.66000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.491 whereas USD was trading with BRL at 5.5205 Crude WTI traded at $55.85 a barrel. Sensex closed 77.84 points down at 84481.81 whereas Nifty closed 3.00 points lower at 25815.55
News Round-Up
Government actively considering sugar MSP revision
ISMA announces change in leadership: Niraj Shirgaokar appointed President, Madhav B Shriram Vice President
ESY 2025-26: OMCs receive 45.5 crore litres of ethanol in November; ethanol blending hits 20%
ESY 2025-26: OMCs receive 45.5 crore litres of ethanol in November; ethanol blending hits 20%
