ChiniMandi, Mumbai: 24th July 2025
Domestic Market
Domestic sugar prices were stable
Domestic sugar prices have remained constant across major markets, thanks to strong purchasing activity. Currently, prices are approaching a three-month low, and stockpiles held by millers are decreasing. With the festive season approaching next month, sustained demand is anticipated.
In the last 3-4 days, much-needed rainfall has been observed in key cane-growing regions such as Marathwada and Solapur. This precipitation is expected to assist with crop regeneration to some extent. Additionally, forecasts indicate good rain in various areas, particularly in Northern Karnataka, which could enhance crop development.
In terms of pricing, M-grade sugar is currently selling between Rs 3,890 and Rs 3,950 per quintal in Muzaffarnagar, while S-grade sugar costs range from Rs 3,750 to Rs 3,780 in Kolhapur.
Ex-mill Sugar Prices as on July, 24 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3780 to 3800 |
₹3840 to 3880 |
|
South Karnataka |
₹3910 to 3950 |
– |
|
Uttar Pradesh |
|
₹3890 to 3950 |
|
Gujarat |
₹3871 to 3911 |
₹3921 to 3941 |
|
Tamil Nadu |
₹4015 to 4165 |
₹4065 to 4200 |
|
Madhya Pradesh |
₹3875 to 3890 |
₹3945 to 3960 |
|
Punjab |
₹3960 to 4221 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on July, 24 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,231.50 |
|
Kanpur |
M/30 |
₹4,200.00 |
|
Kolhapur |
M/30 |
₹4,026.75 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,116.00 |
|
Ahmedabad |
M/30 |
₹4,053.00 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
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 $478.20 ton, whereas the New York Sugar # 11 The front month contract is trading at 16.50 c/lb. The corn futures market trades at 400-0 and the ethanol Chicago trades at 1.76000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 86.400 whereas USD was trading with BRL at 6.40795 Crude WTI traded at $65.92 a barrel. Sensex closed 542.47 points down at 82,184.17 whereas Nifty closed 157.80 points lower at 25,062.10..
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