ChiniMandi, Mumbai: 12th Jan 2026
Domestic Market
Domestic sugar prices continued to trade weak
Domestic sugar prices remained weak in today’s trading session across the major markets, reflecting continued pressure. Prices saw a weakness of Rs 10-20 per quintal in the major markets.
Overall, the sugar market continues to face sustained downward momentum since the onset of the crushing season. The weakness is largely attributed to comfortable supply availability, as crushing operations are progressing smoothly across major producing states. At the same time, subdued demand conditions are limiting buying interest, preventing any meaningful price recovery.
Spot prices in key physical markets mirrored this cautious sentiment. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,850–₹3,950 per quinta. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded slightly lower at ₹3,530–₹3,580 per quintal, extending the gradual decline observed over the past few sessions.
Ex-mill Sugar Prices as on Jan, 12 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3650 to 3660 |
₹3700 to 3710 |
|
South Karnataka |
₹3800 |
₹3850 |
|
Uttar Pradesh |
– |
₹3850 to 3950 |
|
Gujarat |
₹3671 to 3701 |
₹3741 to 3771 |
|
Tamil Nadu |
₹3810 to 4040 |
₹3910 to 4000 |
|
Madhya Pradesh |
₹3730 to 3770 |
₹3800 to 3820 |
|
Punjab |
– |
₹4000 to 4111 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 12 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,231.50 |
|
Kanpur |
M/30 |
₹4,315.50 |
|
Kolhapur |
M/30 |
₹3,832.50 |
|
Kolkata |
M/30 |
₹4,231.50 |
|
Muzaffarnagar |
M/30 |
₹4,079.25 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
Bangaluru |
M/30 |
₹4,095.00 |
|
Chennai |
M/30 |
₹4,200.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $422.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.82 c/lb. The corn futures market trades at 447-6 and the ethanol Chicago trades at 1.58500s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.086 whereas USD was trading with BRL at 5.3713 Crude WTI traded at $58.65 a barrel. Sensex closed 301.93 points up at 83,878.17 whereas Nifty closed 106.95 points lower at 25,790.25.
News Round-Up
Farmer productivity and cane quality: The strategic imperatives for a sustainable sugar industry
Farmer productivity and cane quality: The strategic imperatives for a sustainable sugar industry
Karnataka: Unions demand thorough investigation into boiler explosion at sugar factory
Karnataka: Unions demand thorough investigation into boiler explosion at sugar factory
Shipping company Maersk eyes increasing use of ethanol as a fuel
Shipping company Maersk eyes increasing use of ethanol as a fuel
