ChiniMandi, Mumbai: 20th Jan 2026
Domestic Market
Domestic sugar prices continue to trade higher
Domestic sugar prices continued to trade higher across major markets for the second consecutive session, supported by expectations of an increase in the Minimum Selling Price (MSP). Market sources indicate that the Indian government is likely to raise the MSP of sugar from the current ₹31 per kg to around ₹37–38 per kg. An official notification regarding the proposed hike is expected early next week.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,920–₹4,050 per quintal, marking an increase of ₹15–20 per quintal from the previous session. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded at ₹3,570–₹3,620 per quintal, up by around ₹10-20 per quintal.
Ex-mill Sugar Prices as on Jan, 20 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3670 to 3680 |
₹3720 to 3730 |
|
South Karnataka |
₹3875 |
₹3925 |
|
Uttar Pradesh |
– |
₹3920 to 4050 |
|
Gujarat |
₹3691 to 3741 |
₹3761 to 3811 |
|
Tamil Nadu |
₹3900 to 4040 |
₹4000 |
|
Madhya Pradesh |
₹3830 |
₹3890 to 3900 |
|
Punjab |
– |
₹4040 to 4100 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 20 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,252.50 |
|
Kanpur |
M/30 |
₹4,368.00 |
|
Kolhapur |
M/30 |
₹3,864.00 |
|
Kolkata |
M/30 |
₹4,263.00 |
|
Muzaffarnagar |
M/30 |
₹4,147.50 |
|
Ahmedabad |
M/30 |
₹4,042.50 |
|
Bangaluru |
M/30 |
₹4,095.00 |
|
Chennai |
M/30 |
₹4,221.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $426.80ton, whereas the New York Sugar # 11 The front month contract is trading at 14.96 c/lb. The corn futures market trades at 423-0 and the ethanol Chicago trades at 1.54000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.943 whereas USD was trading with BRL at 5.3702 Crude WTI traded at $59.68 a barrel. Sensex closed 1,065.71 points down at 82,180.47 whereas Nifty closed 353.00 points lower at 25,232.50.
News Round-Up
India’s increased sugar production comes against a bearish global backdrop, says Hedgepoint
India’s increased sugar production comes against a bearish global backdrop, says Hedgepoint
Davos 2026: UPL looking to scale up with new irrigation technologies and specialized ethanol plant, says Karnataka Minister
India’s Tata Projects selected as EPC partner for SAF One’s Sustainable Aviation Fuel project
India’s Tata Projects selected as EPC partner for SAF One’s Sustainable Aviation Fuel project
