ChiniMandi, Mumbai: 26th May 2025
Domestic Market
Domestic sugar prices remained stable
Onset of monsoon earlier than normal
Domestic sugar prices have remained stable over the past five sessions. Prices are at a two-month low due to weak demand from end users. Prices are expected to stay low due to slow demand and heavy rainfall in Southern and Eastern India.
The southwest monsoon arrived in Kerala on Saturday, May 24, eight days before the usual date of June 1st, marking the earliest onset since 2009. Rainfall was reported to be heavy in the major cane-growing regions of Maharashtra and Karnataka.
M-grade sugar costs between Rs 3,950 and Rs 4,070 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,735 and Rs 3,790 in Kolhapur.
Ex-mill Sugar Prices as on May, 26 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3765 to 3790 |
₹3845 to 3870 |
|
South Karnataka |
₹3925 |
₹3975 |
|
Uttar Pradesh |
|
₹3950 to 4070 |
|
Gujarat |
₹3800 to 3811 |
₹3875 to 3881 |
|
Tamil Nadu |
₹4000 to 4250 |
₹4150 to 4300 |
|
Madhya Pradesh |
₹3900 to 3920 |
₹3970 to 3990 |
|
Punjab |
₹4050 to 4151 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 26 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,252.50 |
|
Kolhapur |
M/30 |
₹4,021.50 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,221.00 |
|
Ahmedabad |
M/30 |
₹4,116.00 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
Chennai |
M/30 |
₹4,378.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $483.60 ton, whereas the New York Sugar #11 front month contract is trading at 17.29 c/lb. The corn futures market trades at 459-4 and the ethanol Chicago trades at 1.73750s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.086 whereas USD was trading with BRL at 5.6467 Crude WTI traded at $61.44 barrel. Sensex closed 455.37 points up at 82,176.45 whereas Nifty closed 148.00 points higher at 25,001.15.
News Round-Up
New Energy New Future: The Next-Gen Sugar Complex
Godavari Biorefineries Q4 FY25 profit rises; 200 KLPD grain distillery expected to be commissioned in Q4 FY26
Kenya: Supreme Court dismisses Kwale Sugar’s bid to halt insolvency proceedings
Kenya: Supreme Court dismisses Kwale Sugar’s bid to halt insolvency proceedings
