ARTICLE 2 #MarketUpdate

The Food Ministry has allocated a domestic sugar quota of 24 lakh metric tonnes (LMT) for October 2025, starting from October 1. This is lower than the 25.5 LMT quota allocated for October 2024, though higher than September 2025’s quota of 23.5 LMT. Market watchers expect firm demand (especially with upcoming festivals) and foresee a price rise of ₹40‑50 per quintal in many regions.

Front‑month corn futures closed down by 1¼ to 2 cents in the session. The Cmdty View national average Cash Corn price fell by approximately 1¾ cents, landing at $4.04 ¾ per bushel. In the November/December “new crop” contracts, prices also slipped, consistent with broader contract declines.