ChiniMandi, Mumbai: 28th May 2025
Domestic Market
Domestic sugar prices were stable
After a weak session on good rainfall activity domestic sugar prices were reported stable. According to the sources, as prices are trading at two and half month low sellers are reluctant to liquidate the material. However, demand is said to be muted which is weighing on the prices.
The Food Ministry announced on May 28 a monthly sugar quota of 23 lakh metric tonnes (LMT) for June 2025. The allotted quota is lower by 2.5 lakh tons compared to the same month last year and by 0.5 lakh tons compared to the previous month. As demand is sluggish, sentiments are expected to remain under pressure.
M-grade sugar costs between Rs 3,940 and Rs 4,060 per quintal in Muzaffarnagar, while S-grade sugar costs between Rs 3,730 and Rs 3,785 in Kolhapur.
Ex-mill Sugar Prices as on May, 28 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3765 to 3790 |
₹3845 to 3870 |
|
South Karnataka |
₹3960 |
– |
|
Uttar Pradesh |
|
₹3940 to 4060 |
|
Gujarat |
₹3800 to 3811 |
₹3875 to 3881 |
|
Tamil Nadu |
₹4025 to 4200 |
₹4150 |
|
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, 28 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,294.50 |
|
Kanpur |
M/30 |
₹4,242.00 |
|
Kolhapur |
M/30 |
₹4,016.25 |
|
Kolkata |
M/30 |
₹4,294.50 |
|
Muzaffarnagar |
M/30 |
₹4,210.50 |
|
Ahmedabad |
M/30 |
₹4,084.50 |
|
Bangaluru |
M/30 |
₹4,263.00 |
|
Chennai |
M/30 |
₹4,389.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $479.10 ton, whereas the New York Sugar #11 front month contract is trading at 17.08 c/lb. The corn futures market trades at 460-6 and the ethanol Chicago trades at 1.74250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.320 whereas USD was trading with BRL at 5.6435 Crude WTI traded at $61.58 barrel. Sensex closed 239.31 points down at 81312.32 whereas Nifty closed 73.75 points lower at 24752.45
News Round-Up
23 LMT monthly sugar quota released for June 2025; June 2024 consumption was 24.10 LMT
23 LMT monthly sugar quota released for June 2025; June 2024 consumption was 24.10 LMT
Zuari Industries’ financial results: Robust Performance by SPE Division, revenue up by 41%
Zuari Industries’ financial results: Robust Performance by SPE Division, revenue up by 41%
Cabinet approves Minimum Support Prices for kharif crops including maize for Marketing Season 2025-26
