ChiniMandi, Mumbai: 22nd Jan 2026
Domestic Market
Domestic sugar prices were stable to higher
Domestic sugar prices continued to trade higher in the major markets of Uttar Pradesh while reported steady in the major markets of Maharashtra and Karnataka, 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 which is supporting the prices in the major markets.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,980–₹4,100 per quintal, marking an increase of ₹20–30 per quintal from the previous session. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded at ₹3,600–₹3,660 per quintal, stable compared to last session.
Ex-mill Sugar Prices as on Jan, 22 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3710 to 3720 |
₹3760 to 3770 |
|
South Karnataka |
₹4000 |
₹4050 |
|
Uttar Pradesh |
– |
₹3980 to 4100 |
|
Gujarat |
₹3711 to 3771 |
₹3781 to 3841 |
|
Tamil Nadu |
₹3900 to 4000 |
₹4050 |
|
Madhya Pradesh |
₹3840 to 3850 |
₹3900 to 3905 |
|
Punjab |
– |
₹4040 to 4151 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 22 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,389.00 |
|
Kolhapur |
M/30 |
₹3,906.00 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,200.00 |
|
Ahmedabad |
M/30 |
₹4,074.00 |
|
Bangaluru |
M/30 |
₹4,116.00 |
|
Chennai |
M/30 |
₹4,252.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $421.80 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.81 c/lb. The corn futures market trades at 423-2 and the ethanol Chicago trades at 1.56500s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 91.578 whereas USD was trading with BRL at 5.3201 Crude WTI traded at $59.69 a barrel. Sensex closed 397.74 points up at 82,307.37 whereas Nifty closed 132.40 points higher at 25,289.90.
News Round-Up
Domestic sugar demand to grow at 1.5–2.0% CAGR over next 5 years: Deepak Ballani
Domestic sugar demand to grow at 1.5–2.0% CAGR over next 5 years: Deepak Ballani
Oil and Gas PSUs becoming tech-driven, profitable and future-ready: Hardeep Singh Puri
Oil and Gas PSUs becoming tech-driven, profitable and future-ready: Hardeep Singh Puri
Uttarakhand: Agreement proposed for procuring high-quality sugar from State’s cooperative sugar mills
