ChiniMandi, Mumbai: 19th Nov 2025
Domestic Market
Domestic sugar prices were stable to weak
Domestic sugar prices across major markets remained stable to weak as overall demand stayed subdued and buying activity continued to be largely need-based. Markets in Kolhapur and Northern Karnataka reported slightly lower trades, while prices in Uttar Pradesh were mostly steady. With sugarcane crushing operations now active across most producing states, market sentiment stays under pressure, and prices are expected to remain soft in the near term.
A discussion is underway regarding an upward revision in the sugar MSP, and a decision is likely soon. According to industry sources, millers are pushing for an MSP of тВ╣40тАУ41 per kg, whereas market indications suggest that the revised MSP may be set around тВ╣36тАУ37 per kg.
In the key physical markets, M-grade sugar in Muzaffarnagar (Uttar Pradesh) was quoted in the range of тВ╣3,980тАУ4,070 per quintal. In Kolhapur (Maharashtra), S-grade sugar traded between тВ╣3,720тАУ3,750 per quintal, reflecting a largely stable price trend.
Ex-mill Sugar Prices as on Nov, 19 2025 :┬а
|
State |
S/30┬а [Rates per Quintal]┬а |
M/30 [Rates per Quintal]┬а |
|
Maharashtra |
тВ╣3760 to 3780 |
тВ╣3790 to 3810 |
|
South Karnataka |
тВ╣3975 |
тВ╣4025 |
|
Uttar Pradesh |
┬а – |
тВ╣3980 to 4070 |
|
Gujarat |
тВ╣3831 to 3871 |
тВ╣3831 to 3871 |
|
Tamil Nadu |
тВ╣4030 to 4150 |
тВ╣4150 to 4200 |
|
Madhya Pradesh |
тВ╣3905 to 3950 |
тВ╣3975 to 4020 |
|
Punjab |
– |
тВ╣3741 to 4231 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Nov, 19 2025 :┬а
|
City┬а |
Grade┬а |
Rate┬а |
|
Delhi |
M/30 |
тВ╣4,347.00 |
|
Kanpur |
M/30 |
тВ╣4,326.00 |
|
Kolhapur |
M/30 |
тВ╣3,969.00 |
|
Kolkata |
M/30 |
тВ╣4,368.00 |
|
Muzaffarnagar |
M/30 |
тВ╣4,221.00 |
|
Ahmedabad |
M/30 |
тВ╣4,137.00 |
|
Bangaluru |
M/30 |
тВ╣4,284.00 |
|
Chennai |
M/30 |
тВ╣4,410.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $418.80 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.78 c/lb. The corn futures market trades at 436-2 and the ethanol Chicago trades at 1.81500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.556 whereas USD was trading with BRL at 5.3382 Crude WTI traded at $59.80 a barrel. Sensex closed 277.93 points down at 84,673.02 whereas Nifty closed 103.40 points lower at 25,910.05.
News Round-Up
Sugar industry can supply over 30% of AustraliaтАЩs domestic aviation fuel needs using sugar-derived biofuels: Ash Salardini
India is on path to becoming global hub of natural farming: PM Modi in Coimbatore
India is on path to becoming global hub of natural farming: PM Modi in Coimbatore
India achieves 20% ethanol blending in October; average blending at 19.2% from Nov 2024 to Oct 2025
India achieves 20% ethanol blending in October; average blending at 19.2% from Nov 2024 to Oct 2025
