ChiniMandi, Mumbai: 3rd Nov 2025
Domestic Market
Domestic sugar prices remained stable
After trending downward since mid-October, domestic sugar prices have stabilised over the past few sessions. Prices are currently holding steady amid subdued demand, despite a lower monthly release quota. Market sentiment remains cautious as the sugarcane crushing started heightening expectations of increased supply in the coming weeks.
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 Nov, 3 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3780 to 3800 |
₹3810 to 3830 |
|
South Karnataka |
₹3975 to 3975 |
₹4025 |
|
Uttar Pradesh |
– |
₹3940 to 4000 |
|
Gujarat |
₹3851 to 3901 |
₹3855 to 3901 |
|
Tamil Nadu |
₹4025 to 4100 |
₹4100 to 4150 |
|
Madhya Pradesh |
₹3970 to 4010 |
₹4035 to 4080 |
|
Punjab |
– |
₹3850 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Nov, 3 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 |
₹4,347.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $418.30 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.58 c/lb. The corn futures market trades at 432-4 and the ethanol Chicago trades at 1.71250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.772 whereas USD was trading with BRL at 5.3808 Crude WTI traded at $60.83 a barrel. Sensex closed 39.78 points up at 83,978.49 whereas Nifty closed 41.25 points higher at 25,763.35.
News Round-Up
Cane crushing expected to commence on Nov 7 at Dwarikesh Sugar’s Bijnor units and Nov 10 at Bareilly unit
Uttar Pradesh CM directs officials to ensure swift relief and crop damage assessment for rain-affected farmers
Gujarat CM to visit rain-hit areas of Gir Somnath and Junagadh districts
Gujarat CM to visit rain-hit areas of Gir Somnath and Junagadh districts
