ChiniMandi, Mumbai: 27th Jan 2026
Domestic Market
Domestic sugar prices continue to trade stable
Domestic sugar prices remained stable across major markets, supported by expectations that the Government of India may soon increase the Minimum Selling Price (MSP). Market sources indicate the MSP could be raised from the current ₹31/kg to around ₹37–38/kg, which is helping prices hold firm in key trading centres which is keeping prices higher.
Additionally, there are reports of lesser sugar production especially from Maharashtra and Karnataka due to excess rains and also recovery rates are expected to remain lower than initially anticipated.
In Muzaffarnagar (Uttar Pradesh), M-grade sugar was quoted in the range of ₹3,980–₹4,100 per quintal, steady compared to the previous session. Meanwhile, in Kolhapur (Maharashtra), S-grade sugar traded at ₹3,600–₹3,660 per quintal, steady compared to last session.
In an announcement on January 27, the Food Ministry allocated a monthly sugar quota of 22.5 lakh metric tonnes (LMT) for February 2026, which is equal to the quota allocated for February 2025.
In January 2026, the government had allocated a monthly sugar quota of 22 LMT for domestic sale.
Ex-mill Sugar Prices as on Jan, 27 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 |
₹3721 to 3781 |
₹3791 to 3851 |
|
Tamil Nadu |
₹3940 to 4000 |
₹4050 |
|
Madhya Pradesh |
₹3840 to 3850 |
₹3900 to 3905 |
|
Punjab |
– |
₹4040 to 4191 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 27 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 $412.50 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.80 c/lb. The corn futures market trades at 429-0 and the ethanol Chicago trades at 1.59000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 91.600 whereas USD was trading with BRL at 5.2815 Crude WTI traded at $60.60 a barrel. Sensex closed 319.78 points up at 81,857.48 whereas Nifty closed 126.75 points higher at 25,175.40.
News Round-Up
22.5 LMT monthly sugar quota released for February 2026
India-EU trade deal: Products such as sugar and rice excluded from liberalisation in agreement
India-EU trade deal: Products such as sugar and rice excluded from liberalisation in agreement
Chocolates, spirits and other items: What will get cheaper after the India–EU Free Trade agreement? Full list
LanzaTech to build ethanol plant in India
