ChiniMandi, Mumbai: 26th Dec 2025
Domestic Market
Domestic sugar prices were mostly stable
Domestic sugar prices remained largely steady across key regions for the second consecutive session, reflecting a cautious market environment. Trade sources indicated that demand continues to be strictly need-based, as crushing operations are progressing smoothly across major producing states, ensuring comfortable supply availability. Moreover, the widening gap between lower export realizations and relatively higher domestic price levels is expected to keep overall market sentiment under pressure in the near term.
In an announcement on December 26, the Food Ministry allocated a monthly sugar quota of 22 lakh metric tonnes (LMT) for January 2026, which is lower than the quota allocated for January 2025.
In December 2025, the government had allocated a monthly sugar quota of 22 LMT for domestic sale. In January 2025, sugar quota was 22.5 LMT.
Spot prices in major physical markets mirrored this subdued tone. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,950–₹4,020 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded marginally lower at ₹3,610–₹3,660 per quintal, extending the gradual downward trend seen over the past few sessions.
Ex-mill Sugar Prices as on Dec, 26 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3680 to 3690 |
₹3730 to 3740 |
|
South Karnataka |
₹3825 |
₹3875 |
|
Uttar Pradesh |
– |
₹3950 to 4020 |
|
Gujarat |
₹3731 to 3771 |
₹3791 to 3831 |
|
Tamil Nadu |
₹3875 to 3950 |
₹3935 to 4025 |
|
Madhya Pradesh |
₹3775 to 3805 |
₹3845 to 3905 |
|
Punjab |
– |
₹4030 to 4141 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 26 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,326.00 |
|
Kolhapur |
M/30 |
₹3,916.50 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,168.50 |
|
Ahmedabad |
M/30 |
₹4,074.00 |
|
Bangaluru |
M/30 |
₹4,200.00 |
|
Chennai |
M/30 |
₹4,305.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $435.20 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.29 c/lb. The corn futures market trades at 451-0 and the ethanol Chicago trades at 1.65500s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 89.750 whereas USD was trading with BRL at 5.5527 Crude WTI traded at $58.39 a barrel. Sensex closed 367.25 points down at 85041.45 whereas Nifty closed 99.80 points lower at 26042.30
News Round-Up
22 LMT monthly sugar quota released for January 2026; market sees around 8% correction in prices
22 LMT monthly sugar quota released for January 2026; market sees around 8% correction in prices
Industry view: Why sugar MSP should be increased
Maize gains ground as bioethanol plants reshape farming in Nellore
Maize gains ground as bioethanol plants reshape farming in Nellore
84% of Peshawar’s water supply contaminated; experts warn of polio and disease surge
84% of Peshawar’s water supply contaminated; experts warn of polio and disease surge
