ChiniMandi, Mumbai: 30th June 2025
Domestic Market
Domestic sugar prices remained stable
After a sharp rise, domestic sugar prices in the major markets were reported to be stable for the second session. Prices in the major markets of Uttar Pradesh, Maharashtra and Karnataka were reported to be stable. Lower monthly quota has led to an increase of Rs 50-70 per quintal over the last 2-3 sessions. Demand is said to be good after a low quota.
Meanwhile, rainfall activity especially over Marathwada regions of Maharashtra was scanty with a 43% deficit so far in June. This should raise a concern on the standing crop as the forecast also indicates dry weather till July mid.
M-grade sugar costs between Rs 3,950 and Rs 4,000 per quintal in Muzaffarnagar, whereas S-grade sugar costs between Rs 3,760 and Rs 3,800 in Kolhapur.
Ex-mill Sugar Prices as on June, 30 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3810 |
₹3870 to 3910 |
|
South Karnataka |
₹3920 to 3960 |
– |
|
Uttar Pradesh |
|
₹3950 to 4000 |
|
Gujarat |
₹3765 to 3791 |
₹3801 to 3831 |
|
Tamil Nadu |
₹4020 to 4175 |
₹4100 |
|
Madhya Pradesh |
₹3850 to 3865 |
₹3920 to 3935 |
|
Punjab |
₹3980 to 4090 |
|
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on June, 30 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,263.00 |
|
Kanpur |
M/30 |
₹4,242.00 |
|
Kolhapur |
M/30 |
₹4,021.50 |
|
Kolkata |
M/30 |
₹4,284.00 |
|
Muzaffarnagar |
M/30 |
₹4,147.50 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
Bangaluru |
M/30 |
₹4,242.00 |
|
Chennai |
M/30 |
₹4,378.50 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $471.50 ton, whereas the New York Sugar #11 front month contract is trading at 16.27 c/lb. The corn futures market trades at 418-0 and the ethanol Chicago trades at 1.68000s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 85.822 whereas USD was trading with BRL at 5.5020 Crude WTI traded at $65.47 barrel. Sensex closed 452.44 points down at 83605.46 whereas Nifty closed 120.75 points lower at 25517.05
News Round-Up
Ethanol blending programme enabled over Rs 1.18 lakh crore payments to farmers in 11 years: Hardeep Singh Puri
Govt drafts emission targets for around 460 industrial units under carbon market plan
Govt drafts emission targets for around 460 industrial units under carbon market plan
UP sugarcane department launches pilot project on drip irrigation
UP sugarcane department launches pilot project on drip irrigation
