ChiniMandi, Mumbai: 20th Nov 2025
Domestic Market
Domestic sugar prices were stable to higher
Domestic sugar prices across major markets remained stable to higher with prices remaining stable in Maharashtra and North Karnataka while prices rose in Uttar Pradesh. Arrival of new sugar is supporting the sentiment in North Markets while subdued buying activity continued to weigh in Maharashtra markets.
A discussion is underway regarding an upward revision of 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 โน4,000โ4,090 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, 20 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 – |
โน4000 to 4090 |
|
Gujarat |
โน3831 to 3871 |
โน3831 to 3871 |
|
Tamil Nadu |
โน4030 to 4100 |
โน4150 |
|
Madhya Pradesh |
โน3910 to 3915 |
โน3980 to 4020 |
|
Punjab |
– |
โน3741 to 4231 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Nov, 20 2025 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,357.50 |
|
Kanpur |
M/30 |
โน4,347.00 |
|
Kolhapur |
M/30 |
โน3,969.00 |
|
Kolkata |
M/30 |
โน4,368.00 |
|
Muzaffarnagar |
M/30 |
โน4,242.00 |
|
Ahmedabad |
M/30 |
โน4,147.50 |
|
Bangaluru |
M/30 |
โน4,273.50 |
|
Chennai |
M/30 |
โน4,389.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $420.40 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.68 c/lb. The corn futures market trades at 430-0 and the ethanol Chicago trades at 1.81500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.697 whereas USD was trading with BRL at 5.3310 Crude WTI traded at $59.90 a barrel. Sensex closed 446.21 points up at 85,632.68 whereas Nifty closed 139.50 points higher at 26,192.15.
News Round-Up
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