ChiniMandi, Mumbai: 22nd May 2025
Domestic Market
Domestic sugar prices remained stable at two-month low
Domestic sugar prices have continued to fall due to weak demand, and they are now trading at a two-month low after remaining steady for the last two sessions. Prices are expected to remain low due to sluggish demand and high rainfall activity in Southern and Eastern India. The cyclonic activity has had some impact on trade activity.
M-grade sugar costs between Rs 3,950 and Rs 4,070 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,735 and Rs 3,790 per quintal in Kolhapur.
Ex-mill Sugar Prices as on May, 22 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3765 to 3790 |
₹3845 to 3870 |
|
South Karnataka |
₹3940 |
₹4000 |
|
Uttar Pradesh |
|
₹3950 to 4070 |
|
Gujarat |
₹3810 to 3831 |
₹3885 to 3901 |
|
Tamil Nadu |
₹4025 to 4250 |
₹4200 to 4300 |
|
Madhya Pradesh |
₹3910 to 3935 |
₹3960 to 3995 |
|
Punjab |
₹4060 to 4181 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 22 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 |
₹4,273.50 |
|
Chennai |
M/30 |
₹4,378.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $488.30 ton, whereas the New York Sugar #11 front month contract is trading at 17.36 c/lb. The corn futures market trades at 461-2 and the ethanol Chicago trades at 1.74500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.921 whereas USD was trading with BRL at 5.6705 Crude WTI traded at $60.55 barrel. Sensex closed 644.64 points down at 80951.99 whereas Nifty closed 203.75 points lower at 24609.70
News Round-Up
Dwarikesh Sugar Q4 Results: Net profit doubles to Rs 46.3 crore
Dwarikesh Sugar Q4 Results: Net profit doubles to Rs 46.3 crore
Uttar Pradesh: Officials instructed to assess crop damage in view of storms and rain
Uttar Pradesh: Officials instructed to assess crop damage in view of storms and rain
Sugar industry seeks ethanol price hike to match rising cane costs
Sugar industry seeks ethanol price hike to match rising cane costs
