ChiniMandi, Mumbai: 24th June 2025
Domestic Market
Domestic sugar prices were stable to weak
Domestic sugar prices in the major markets were reported to be stable or weak. Prices fell by Rs 10-20 per quintal in the major North Indian markets, while they remained steady in Maharashtra and Karnataka for the second session.
Good rainfall activity has continued in the major cane-growing regions of Maharashtra and Karnataka, and monsoon activity is expected to remain heavy in Uttar Pradesh. Rainfall activity is likely to promote crop development.
M-grade sugar costs between Rs 3,880 and Rs 3,940 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,700 and Rs 3,740 in Kolhapur.
Ex-mill Sugar Prices as on June, 24 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3725 to 3790 |
₹3800 to 3830 |
|
South Karnataka |
₹3920 |
– |
|
Uttar Pradesh |
|
₹3880 to 3940 |
|
Gujarat |
₹3775 to 3801 |
₹3811 to 3841 |
|
Tamil Nadu |
₹3990 to 4200 |
₹4100 to 4250 |
|
Madhya Pradesh |
₹3835 to 3880 |
₹3905 to 3930 |
|
Punjab |
₹4041 to 3980 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 24 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,210.50 |
|
Kanpur |
M/30 |
₹4,189.50 |
|
Kolhapur |
M/30 |
₹3,969.00 |
|
Kolkata |
M/30 |
₹4,242.00 |
|
Muzaffarnagar |
M/30 |
₹4,074.00 |
|
Ahmedabad |
M/30 |
₹4,011.00 |
|
Bangaluru |
M/30 |
₹4,221.00 |
|
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 $471.50 ton, whereas the New York Sugar #11 front month contract is trading at 16.15 c/lb. The corn futures market trades at 418-2 and the ethanol Chicago trades at 1.65000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.081 whereas USD was trading with BRL at 5.4995 Crude WTI traded at $65.89 barrel. Sensex closed 158.32 points up at 82,055.11 whereas Nifty closed 72.45 points higher at 25,044.35
News Round-Up
Davis Commodities announces expansion across Africa, Asia, and Middle East to meet rising global demand for sugar and rice
Ajit Pawar wins election to Malegaon Cooperative Sugar Mill board; secures 91 out of 101 votes
Ajit Pawar wins election to Malegaon Cooperative Sugar Mill board; secures 91 out of 101 votes
UP’s upcoming Sustainable Aviation Fuel policy can unlock new opportunity for sugar sector
UP’s upcoming Sustainable Aviation Fuel policy can unlock new opportunity for sugar sector
