ChiniMandi, Mumbai: 28th Jan 2026
Domestic Market
Domestic sugar price reported to be steady to weak
Domestic sugar prices reported to be steady to weak across the major markets. After a rise prices saw a decline of Rs 10 per quintal in Maharashtra while prices in Uttar Pradesh remained steady. As MSP news is fading, prices saw weakness in Maharashtra. However, as 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 тВ╣3,980тАУтВ╣4,100 per quintal, steady compared to the previous session. Meanwhile, in Kolhapur (Maharashtra), S-grade sugar traded at тВ╣3,590тАУтВ╣3,660 per quintal, steady compared to last session.
Ex-mill Sugar Prices as on Jan, 28 2026 :┬а
|
State |
S/30┬а [Rates per Quintal]┬а |
M/30 [Rates per Quintal]┬а |
|
Maharashtra |
тВ╣3700 to 3710 |
тВ╣3750 to 3760 |
|
South Karnataka |
тВ╣4000 |
тВ╣4050 |
|
Uttar Pradesh |
┬а – |
тВ╣3980 to 4100 |
|
Gujarat |
тВ╣3751 to 3811 |
тВ╣3821 to 3881 |
|
Tamil Nadu |
тВ╣3940 to 4000 |
тВ╣4050 |
|
Madhya Pradesh |
тВ╣3840 to 3850 |
тВ╣3900 to 3905 |
|
Punjab |
– |
тВ╣4040 to 4171 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 28 2026 :┬а
|
City┬а |
Grade┬а |
Rate┬а |
|
Delhi |
M/30 |
тВ╣4,284.00 |
|
Kanpur |
M/30 |
тВ╣4,389.00 |
|
Kolhapur |
M/30 |
тВ╣3,895.50 |
|
Kolkata |
M/30 |
тВ╣4,305.00 |
|
Muzaffarnagar |
M/30 |
тВ╣4,200.00 |
|
Ahmedabad |
M/30 |
тВ╣4,074.00 |
|
Bangaluru |
M/30 |
тВ╣4,116.00 |
|
Chennai |
M/30 |
тВ╣4,252.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $409.70 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.72 c/lb. The corn futures market trades at 430-0 and the ethanol Chicago trades at 1.58000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 81.865 whereas USD was trading with BRL at 5.1811 Crude WTI traded at $62.47 a barrel. Sensex closed 487.20 points up at 82344.68 whereas Nifty closed 167.35 points higher at 25342.75
News Round-Up
Sugar industry suffers irreparable loss with the demise of Ajit Pawar
Sugar industry suffers irreparable loss with the demise of Ajit Pawar
It is logical and welcome to exclude sugar from the deal: European sugar associations on India-EU FTA
Panipat: Sugarcane farmers see around 15 per cent drop in yield per acre in ongoing season
Panipat: Sugarcane farmers see around 15 per cent drop in yield per acre in ongoing season
