ChiniMandi, Mumbai: 20th May 2025
Domestic Market
Prices for domestic sugar were stable to weak, reaching a two-month low.
Due to weak demand, domestic sugar prices continued their downward trend and are currently trading at a two-month low. While prices were largely stable in Northern India, Maharashtra and Karnataka were reported to have dropped by Rs 5 per quintal.
Despite the reduced monthly quota, the sources claim that demand is weak, which is driving up prices. Additionally, the Karnataka and Western Maharashtra cane belts are experiencing good rainfall activity so far this month, which is also keeping end users in a precarious situation.
M-grade sugar costs between Rs 3,950 and Rs 4,070 per quintal in Muzaffarnagar, while S-grade sugar costs between Rs 3,735 and Rs 3,790 per quintal in Kolhapur.
Ex-mill Sugar Prices as on May, 20 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3795 |
₹3850 to 3875 |
|
South Karnataka |
₹3950 |
₹4000 |
|
Uttar Pradesh |
|
₹3950 to 4070 |
|
Gujarat |
₹3801 to 3841 |
₹3881 to 3931 |
|
Tamil Nadu |
₹4025 to 4250 |
₹4200 to 4300 |
|
Madhya Pradesh |
₹3915 to 3935 |
₹3985 to 4005 |
|
Punjab |
₹4070 to 4201 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 20 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,252.50 |
|
Kolhapur |
M/30 |
₹4,021.50 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,116.00 |
|
Bangaluru |
M/30 |
₹4,252.50 |
|
Chennai |
M/30 |
₹4,368.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $488.50 ton, whereas the New York Sugar #11 front month contract is trading at 17.43 c/lb. The corn futures market trades at 453-6 and the ethanol Chicago trades at 1.72750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.530 whereas USD was trading with BRL at 5.6500 Crude WTI traded at $62.26 barrel. Sensex closed 872.98 points down at 81186.44 whereas Nifty closed 261.55 points lower at 24683.90
News Round-Up
Monsoon likely to hit Kerala in 4-5 days: IMD in early onset alert
Monsoon likely to hit Kerala in 4-5 days: IMD in early onset alert
Rasna acquires iconic beverage brand ‘Jumpin’; sugar content to be reduced
Rasna acquires iconic beverage brand ‘Jumpin’; sugar content to be reduced
Sugar mills permitted to crush only sugarcane designated within their jurisdiction, says Mandya DC
Sugar mills permitted to crush only sugarcane designated within their jurisdiction, says Mandya DC
