ChiniMandi, Mumbai: 4th Sep 2025
Domestic Market
Domestic sugar prices remained stable
Domestic sugar prices remained stable for the fifth consecutive session, supported by steady demand that has kept rates at multi-year highs. The GST council has revised the GST rates for all commodities, but have kept them at similar levels for sugar. Although, aerated beverages are revised to 40% from 28% earlier, cess have been removed largely making no change in the overall GST for these category as well.
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, 4 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 |
โน4125 to 4200 |
โน4175 to 4250 |
|
Madhya Pradesh |
โน3965 to 4010 |
โน4035 to 4060 |
|
Punjab |
– |
โน4000 to 4301 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Sep, 4 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 |
โน4,200.00 |
|
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 $480.50 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.91 c/lb. The corn futures market trades at 396-0 and the ethanol Chicago trades at 2.05250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.109 whereas USD was trading with BRL at 5.4516 Crude WTI traded at $63.38 a barrel. Sensex closed 150.30 points up at 80,718.01 whereas Nifty closed 19.25 points higher at 24,734.30.
News Round-Up
GST slab cut sparks optimism: Sugar industry expects better demand ahead
India has capacity not only to meet SAF demand but also to emerge as global leader and exporter: Minister
Pellets from bagasse: Plants to be set up in 7 sugar mills in Haryana on PPP mode
Pellets from bagasse: Plants to be set up in 7 sugar mills in Haryana on PPP mode
