ChiniMandi, Mumbai: 24th Oct 2025
Domestic Market
Weak sentiment witnessed in domestic sugar prices
After remaining stable for the past five to six sessions, domestic sugar prices fell on sluggish off take ahead of the start of the crushing season. Prices cooled off by Rs 30-50 per quintal as demand was reported to be muted. Moreover, with the commencement of the crushing season from next week, prices remain under pressure amid expectations of improved supplies. As crushing is likely to start from next week, prices are expected to remain under pressure.
In Muzaffarnagar (Uttar Pradesh), M-grade sugar was quoted in the range of ₹3,970–₹4,040 per quintal, while in Kolhapur (Maharashtra), S-grade sugar traded between ₹3,760 and ₹3,800 per quintal.
Ex-mill Sugar Prices as on Oct, 24 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3800 |
₹3800 to 3830 |
|
South Karnataka |
₹3910 to 3925 |
₹3965 to 3975 |
|
Uttar Pradesh |
– |
₹3970 to 4040 |
|
Gujarat |
₹3861 to 3911 |
₹3865 to 3911 |
|
Tamil Nadu |
₹4000 to 4100 |
₹4050 |
|
Madhya Pradesh |
₹3955 to 3985 |
₹4025 to 4055 |
|
Punjab |
– |
₹4000 to 4210 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Oct, 24 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,326.00 |
|
Kanpur |
M/30 |
₹4,305.00 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,326.00 |
|
Muzaffarnagar |
M/30 |
₹4,200.00 |
|
Ahmedabad |
M/30 |
₹4,116.00 |
|
Bangaluru |
M/30 |
₹4,305.00 |
|
Chennai |
M/30 |
₹4,410.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $431.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.99 c/lb. The corn futures market trades at 426-0 and the ethanol Chicago trades at 1.85000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 87.818 whereas USD was trading with BRL at 5.3870 Crude WTI traded at $62.14 a barrel. Sensex closed 344.52 points down at 84211.88 whereas Nifty closed 96.25 points lower at 25795.15
News Round-Up
Potential for Brazilian investors to participate in developing ethanol plants in Indonesia: Minister
Potential for Brazilian investors to participate in developing ethanol plants in Indonesia: Minister
UP: Sugar mills in Muzaffarnagar receive cane allocation for new crushing season
UP: Sugar mills in Muzaffarnagar receive cane allocation for new crushing season
Oman Sugar Refinery nears commissioning phase: Report
