ChiniMandi, Mumbai: 24th Sep 2025
Domestic Market
Domestic sugar prices remained stable; Oct monthly quota at 24 lakh tons
Sugar prices across major domestic markets have demonstrated stability, for the last two sessions on good demand. Current sugar prices are trading at multi-year highs, primarily driven by tight stock availability across the domestic market. The situation has been compounded by anticipated delays in the commencement of crushing operations, particularly in Karnataka, which typically contributes significantly to national sugar production.
The monthly quota is released for the month of October 2025. As per the update, quota for the month was released at 24 lakh tons, higher by 0.5 lakh tons compared to previous month but lower by 1.5 lakh tons compared to the same month previous year. With the approaching festive season, sugar demand is expected to remain robust, providing continued upward movement on prices.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar is currently being traded within the range of ₹3,980–₹4,070 per quintal, reflecting the stronger pricing in the northern region. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar is quoted between ₹3,850 and ₹3,900 per quintal, showing the regional price differential that has emerged.
Ex-mill Sugar Prices as on Sep, 24 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3880 to 3910 |
₹3930 to 3950 |
|
South Karnataka |
₹3950 to 3960 |
₹4000 to 4015 |
|
Uttar Pradesh |
– |
₹3980 to 4070 |
|
Gujarat |
₹3920 to 3951 |
₹3941 to 3991 |
|
Tamil Nadu |
₹4035 to 4150 |
₹4100 to 4200 |
|
Madhya Pradesh |
₹3975 to 3985 |
₹4045 to 4055 |
|
Punjab |
– |
₹4050 to 4351 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Sep, 24 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,378.50 |
|
Kanpur |
M/30 |
₹4,368.00 |
|
Kolhapur |
M/30 |
₹4,116.00 |
|
Kolkata |
M/30 |
₹4,452.00 |
|
Muzaffarnagar |
M/30 |
₹4,242.00 |
|
Ahmedabad |
M/30 |
₹4,158.00 |
|
Bangaluru |
M/30 |
₹4,368.00 |
|
Chennai |
M/30 |
₹4,525.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $462.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.65 c/lb. The corn futures market trades at 426-2 and the ethanol Chicago trades at 1.97500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.745 whereas USD was trading with BRL at 5.3000 Crude WTI traded at $64.30 a barrel. Sensex closed 386.47 points down at 81,715.63 whereas Nifty closed 112.60 points lower at 25,056.90.
News Round-Up
24 LMT monthly sugar quota released for October 2025
Government allows export of Second Generation (2G) ethanol
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IBET: Know how global energy transition took place from experts
