ChiniMandi, Mumbai: 5th Sep 2025
Domestic Market
Domestic sugar prices reported weak
After trading firm for the last five sessions, domestic sugar prices in the major markets fell by Rs 5-20 per quintal on dull buying. GST council has revised the GST rates for all commodities, but has 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 categories 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 โน3,940 and โน4,030 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, 5 2025 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3865 to 3895 |
โน3915 to 3935 |
|
South Karnataka |
โน3980 to 4075 |
โน3980 to 4125 |
|
Uttar Pradesh |
ย – |
โน3940 to 4030 |
|
Gujarat |
โน3880 to 3911 |
โน3901 to 3951 |
|
Tamil Nadu |
โน4075 to 4200 |
โน4175 to 4250 |
|
Madhya Pradesh |
โน3955 to 3980 |
โน4025 to 4050 |
|
Punjab |
– |
โน4000 to 4301 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Sep, 5 2025 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,357.50 |
|
Kanpur |
M/30 |
โน4,336.50 |
|
Kolhapur |
M/30 |
โน4,116.00 |
|
Kolkata |
M/30 |
โน4,431.00 |
|
Muzaffarnagar |
M/30 |
โน4,189.50 |
|
Ahmedabad |
M/30 |
โน4,126.50 |
|
Bangaluru |
M/30 |
โน4,347.00 |
|
Chennai |
M/30 |
โน4,494.00 |
International Market
At the time of writing this update London White Sugar #5 front month contract is trading at $481.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.61 c/lb. The corn futures market trades at 402-4 and the ethanol Chicago trades at 2.03250s
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 88.262 whereas USD was trading with BRL at 5.4462 Crude WTI traded at $62.96 a barrel. Sensex closed 7.25 points down at 80,710.76 whereas Nifty closed 6.70 points higher at 24,741.00.
News Round-Up
World food prices nearly steady in August: FAO Report
MoU signed between NSI and UPCSR to enhance sugarcane productivity and farmersโ income
MoU signed between NSI and UPCSR to enhance sugarcane productivity and farmersโ income
Goa to revive Sanjivani sugar factory with focus on organic products; new tender to be issued
Goa to revive Sanjivani sugar factory with focus on organic products; new tender to be issued
