ChiniMandi, Mumbai: 29th Oct 2025
Domestic Market
Domestic sugar prices started to fall again
After holding steady in the previous session, domestic sugar prices weakened amid sluggish demand, despite a reduced monthly release quota. With the crushing season set to begin shortly, market sentiment remains subdued on expectations of higher supply ahead.
The Food Ministry has set the November 2025 monthly sugar quota at 20 lakh tonnes, down 2 lakh tonnes year-on-year and 4 lakh tonnes month-on-month. This is the lowest allocation in the past 46 months, though officials deem it adequate given the absence of major festivals during the month.
In regional markets, M-grade sugar in Muzaffarnagar (Uttar Pradesh) was quoted at ₹3,940–4,000 per quintal, while S-grade sugar in Kolhapur (Maharashtra) traded in the range of ₹3,740–3,780 per quintal.
Ex-mill Sugar Prices as on Oct, 29 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3780 |
₹3830 |
|
South Karnataka |
₹3970 to 3975 |
₹4025 |
|
Uttar Pradesh |
– |
₹3940 to 4000 |
|
Gujarat |
₹3851 to 3901 |
₹3855 to 3901 |
|
Tamil Nadu |
₹4025 to 4075 |
₹4100 |
|
Madhya Pradesh |
₹3980 to 4010 |
₹4050 to 4080 |
|
Punjab |
– |
₹3850 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Oct, 29 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,273.50 |
|
Kolhapur |
M/30 |
₹3,969.00 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,158.00 |
|
Ahmedabad |
M/30 |
₹4,095.00 |
|
Bangaluru |
M/30 |
₹4,273.50 |
|
Chennai |
M/30 |
₹4,357.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $413.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.24 c/lb. The corn futures market trades at 431-2 and the ethanol Chicago trades at 1.83500s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.206 whereas USD was trading with BRL at 5.3565 Crude WTI traded at $60.17 a barrel. Sensex closed 368.97 points up at 84997.13 whereas Nifty closed 117.70 points higher at 26053.90
News Round-Up
Ethanol distilleries in Uttar Pradesh rise from 61 in 2017 to 97 in 2025: CMO office
Ethanol distilleries in Uttar Pradesh rise from 61 in 2017 to 97 in 2025: CMO office
Farmer payments at risk as ethanol offtake falls, sugar MSP remains frozen: ISMA
Farmer payments at risk as ethanol offtake falls, sugar MSP remains frozen: ISMA
Govt considering allowing sugar exports in 2025-26 season; committee of ministers likely to meet next week to decide on this: Report
