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 ₹40–41 per kg, whereas market indications suggest that the revised MSP may be set around ₹36–37 per kg.
In the key physical markets, M-grade sugar in Muzaffarnagar (Uttar Pradesh) was quoted in the range of ₹4,000–4,090 per quintal. In Kolhapur (Maharashtra), S-grade sugar traded between ₹3,720–3,750 per quintal, reflecting a largely stable price trend.
Ex-mill Sugar Prices as on Nov, 20 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3760 to 3780 |
₹3790 to 3810 |
|
South Karnataka |
₹3975 |
₹4025 |
|
Uttar Pradesh |
– |
₹4000 to 4090 |
|
Gujarat |
₹3831 to 3871 |
₹3831 to 3871 |
|
Tamil Nadu |
₹4030 to 4100 |
₹4150 |
|
Madhya Pradesh |
₹3910 to 3915 |
₹3980 to 4020 |
|
Punjab |
– |
₹3741 to 4231 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Nov, 20 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,357.50 |
|
Kanpur |
M/30 |
₹4,347.00 |
|
Kolhapur |
M/30 |
₹3,969.00 |
|
Kolkata |
M/30 |
₹4,368.00 |
|
Muzaffarnagar |
M/30 |
₹4,242.00 |
|
Ahmedabad |
M/30 |
₹4,147.50 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
Chennai |
M/30 |
₹4,389.00 |
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.
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