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 โน40โ41 per kg, whereas market indications suggest that the revised MSP may be set around โน36โ37 per kg.
In the key physical markets, M-grade sugar in Muzaffarnagar (Uttar Pradesh) was quoted in the range of โน3,980โ4,070 per quintal. In Kolhapur (Maharashtra), S-grade sugar traded between โน3,720โ3,750 per quintal, reflecting a largely stable price trend.
Ex-mill Sugar Prices as on Nov, 19 2025 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3760 to 3780 |
โน3790 to 3810 |
|
South Karnataka |
โน3975 |
โน4025 |
|
Uttar Pradesh |
ย – |
โน3980 to 4070 |
|
Gujarat |
โน3831 to 3871 |
โน3831 to 3871 |
|
Tamil Nadu |
โน4030 to 4150 |
โน4150 to 4200 |
|
Madhya Pradesh |
โน3905 to 3950 |
โน3975 to 4020 |
|
Punjab |
– |
โน3741 to 4231 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Nov, 19 2025 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,347.00 |
|
Kanpur |
M/30 |
โน4,326.00 |
|
Kolhapur |
M/30 |
โน3,969.00 |
|
Kolkata |
M/30 |
โน4,368.00 |
|
Muzaffarnagar |
M/30 |
โน4,221.00 |
|
Ahmedabad |
M/30 |
โน4,137.00 |
|
Bangaluru |
M/30 |
โน4,284.00 |
|
Chennai |
M/30 |
โน4,410.00 |
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 Australiaโs 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
