ChiniMandi, Mumbai: 30th May 2025
Domestic Market
Domestic sugar prices remained stable
Domestic sugar prices were reported to be stable for the third session across the markets. According to sources, because prices are trading at a two and a half month low, sellers or millers are hesitant to liquidate the material. However, demand is said to be muted, putting downward pressure on prices. As demand remains sluggish, sentiment is reported to be deteriorated.
M-grade sugar costs between Rs 3,940 and Rs 4,060 per quintal in Muzaffarnagar, and S-grade sugar costs between Rs 3,730 and Rs 3,785 in Kolhapur.
Ex-mill Sugar Prices as on May, 30 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3765 to 3790 |
₹3845 to 3870 |
|
South Karnataka |
₹3950 |
– |
|
Uttar Pradesh |
|
₹3940 to 4060 |
|
Gujarat |
₹3800 to 3811 |
₹3875 to 3881 |
|
Tamil Nadu |
₹4025 to 4200 |
₹4150 |
|
Madhya Pradesh |
₹3895 to 3915 |
₹3965 to 3985 |
|
Punjab |
₹4030 to 4181 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on May, 30 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 $479.30 ton, whereas the New York Sugar #11 front month contract is trading at 17.20 c/lb. The corn futures market trades at 447-0 and the ethanol Chicago trades at 1.73250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.506 whereas USD was trading with BRL at 5.6827 Crude WTI traded at $60.34 barrel. Sensex closed 182.01 points down at 81451.01whereas Nifty closed 82.90 points lower at 24750.70
News Round-Up
States like Punjab levying fees on ethanol worry producers; urge reconsideration
States like Punjab levying fees on ethanol worry producers; urge reconsideration
State-wise monthly sugar quota for sale in June 2025
“Broke all records, produced 270 lakh tonnes more crops than last year”: Shivraj Singh Chouhan
“Broke all records, produced 270 lakh tonnes more crops than last year”: Shivraj Singh Chouhan
