ChiniMandi, Mumbai: 23rd July 2025
Domestic Market
Domestic sugar prices were stable to higher
Domestic sugar prices were reported to be constant or rising in the major markets. Prices in Uttar Pradesh’s key markets have risen by Rs 10-20 per quintal. Prices were reported to be constant across the major centres due to strong purchasing activity. Prices are nearing a three-month low, and stockpiles remaining with millers are diminishing. As the festive season begins next month, demand is expected to stay high.
Over the previous 3-4 days, much-needed rains have been reported in the major cane growing regions of Marathwada and Solapur. These rains are likely to help crop regeneration to some extent. And the prognosis predicts good rains in various places, particularly Northern Karnataka, which could boost crop development.
M-grade sugar prices between Rs 3,890 and Rs 3,950 a quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,750 and Rs 3,780 in Kolhapur.
Ex-mill Sugar Prices as onย July, 23 2025 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3790 to 3810 |
โน3850 to 3890 |
|
South Karnataka |
โน3910 to 3950 |
– |
|
Uttar Pradesh |
|
โน3890 to 3950 |
|
Gujarat |
โน3871 to 3911 |
โน3921 to 3941 |
|
Tamil Nadu |
โน4015 to 4165 |
โน4065 to 4200 |
|
Madhya Pradesh |
โน3875 to 3890 |
โน3945 to 3960 |
|
Punjab |
โน3960 to 4221 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 23 2025 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,231.50 |
|
Kanpur |
M/30 |
โน4,200.00 |
|
Kolhapur |
M/30 |
โน4,026.75 |
|
Kolkata |
M/30 |
โน4,305.00 |
|
Muzaffarnagar |
M/30 |
โน4,116.00 |
|
Ahmedabad |
M/30 |
โน4,053.00 |
|
Bangaluru |
M/30 |
โน4,263.00 |
|
Chennai |
M/30 |
โน4,368.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $468.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 16.18 c/lb. The corn futures market trades at 400-0 and the ethanol Chicago trades at 1.76750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.403 whereas USD was trading with BRL at 6.44845 Crude WTI traded at $65.01 a barrel. Sensex closed 539.83 points up at 82,726.64 whereas Nifty closed 159.00 points higher at 25,219.90..
News Round-Up
Global sugar consumption projected to expand by 1.2% per annum and reach 202 million tonnes by 2034: OECD-FAO report
Uttar Pradesh: Sugarcane area declines slightly in Bijnor
BRICS Innovation cultivates global sustainable agriculture future
BRICS Innovation cultivates global sustainable agriculture future
