ChiniMandi, Mumbai: 1st Jan 2026
Domestic Market
Domestic sugar prices were reported weak
Domestic sugar prices were reported weak across major markets, with prices declining by ₹5–10 per quintal in Uttar Pradesh, Maharashtra, and Northern Karnataka. The weakness comes after a continuous downtrend since the start of the crushing season, largely driven by comfortable supply conditions and subdued demand.
According to the latest data released by the Indian Sugar and Bio-energy Manufacturers Association (ISMA), Indian mills have produced 11.9 million metric tonnes (MMT) of sugar up to 31 December 2025. A total of 504 mills are operational this season, compared with sugar production of 9.54 MMT and 492 mills operating during the same period last season, highlighting a significant year-on-year increase in output.
Spot prices in key physical markets reflected this subdued sentiment. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,920–₹3,990 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded marginally lower at ₹3,575–₹3,630 per quintal, extending the gradual downward trend observed over the past few sessions.
Ex-mill Sugar Prices as on Jan, 1 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3670 to 3680 |
₹3720 to 3730 |
|
South Karnataka |
₹3800 |
₹3850 |
|
Uttar Pradesh |
– |
₹3920 to 3990 |
|
Gujarat |
₹3691 to 3721 |
₹3761 to 3791 |
|
Tamil Nadu |
₹3875 to 4050 |
₹4100 |
|
Madhya Pradesh |
₹3750 to 3805 |
₹3820 to 3905 |
|
Punjab |
– |
₹4040 to 4141 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 1 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,315.50 |
|
Kolhapur |
M/30 |
₹3,895.50 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,137.00 |
|
Ahmedabad |
M/30 |
₹4,074.00 |
|
Bangaluru |
M/30 |
₹4,158.00 |
|
Chennai |
M/30 |
₹4,284.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $427.50 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.01 c/lb. The corn futures market trades at 441-0 and the ethanol Chicago trades at 1.58750s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 89.968 whereas USD was trading with BRL at 5.4778 Crude WTI traded at $57.42 a barrel. Sensex closed 32.00 points down at 85,188.60 whereas Nifty closed 16.95 points higher at 26,146.55.
News Round-Up
Season 2025-26: Sugar production updates by ISMA till December 31
Season 2025-26: Sugar production updates by ISMA till December 31
ISMA says GST rationalisation on flex-fuel vehicles, crucial for ethanol ecosystem
ISMA says GST rationalisation on flex-fuel vehicles, crucial for ethanol ecosystem
ISMA calls for fair ethanol allocation: 150 crore litres from SCJ and BHM in Cycle-2
ISMA calls for fair ethanol allocation: 150 crore litres from SCJ and BHM in Cycle-2
