ChiniMandi, Mumbai: 3rd Sep 2025
Domestic Market
Domestic sugar prices were mostly stable
Domestic sugar prices remained stable for the fourth consecutive session, supported by steady demand that has kept rates at multi-year highs. The firm demand coupled with less availability across regions is preventing any price correction.
Moreover, the crushing season for 2025-26 is likely to start from the last week of October in Karnataka, almost delayed by 20-25 days compared to their normal start. Delayed crushing amidst tighter balance is likely to keep prices supported.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar is trading between โน3,950 and โน4,050 per quintal, while in Kolhapur, Maharashtra, S-grade sugar is quoted in the range of โน3,830 to โน3,870 per quintal.
Ex-mill Sugar Prices as onย Sep, 3 2025 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3865 to 3895 |
โน3915 to 3935 |
|
South Karnataka |
โน4000 to 4075 |
โน4000 to 4125 |
|
Uttar Pradesh |
ย – |
โน3950 to 4050 |
|
Gujarat |
โน3880 to 3911 |
โน3901 to 3951 |
|
Tamil Nadu |
โน4075 to 4200 |
โน4175 to 4250 |
|
Madhya Pradesh |
โน3985 to 4010 |
โน4055 to 4080 |
|
Punjab |
– |
โน4000 to 4301 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Sep, 3 2025 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,357.50 |
|
Kanpur |
M/30 |
โน4,336.50 |
|
Kolhapur |
M/30 |
โน4,121.25 |
|
Kolkata |
M/30 |
โน4,436.25 |
|
Muzaffarnagar |
M/30 |
โน4,210.50 |
|
Ahmedabad |
M/30 |
โน4,137.00 |
|
Bangaluru |
M/30 |
โน4,347.00 |
|
Chennai |
M/30 |
โน4,473.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $492.10 ton, whereas the New York Sugar # 11 The front month contract is trading at 16.15 c/lb. The corn futures market trades at 402-0 and the ethanol Chicago trades at 2.09250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.030 whereas USD was trading with BRL at 5.4650 Crude WTI traded at $64.23 a barrel. Sensex closed 409.83 points up at 80,567.71 whereas Nifty closed 135.45 points higher at 24,715.05.
News Round-Up
Sugar export parity: Industry discusses price threshold and carryover risks
Sugar export parity: Industry discusses price threshold and carryover risks
Piccadily Agro to expand ethanol production capacity
Alangad jaggery demand spurs expansion of sugarcane cultivation
Alangad jaggery demand spurs expansion of sugarcane cultivation
