ChiniMandi, Mumbai: 29th Jan 2026
Domestic Market
Domestic sugar price reported to be steady
Domestic sugar prices were reported steady across major markets. With the recent news around a potential increase in the Minimum Selling Price (MSP) beginning to fade, some price weakness was observed in Maharashtra. However, downside remains limited amid reports of lower sugar production, particularly from Maharashtra and Karnataka, due to excess rainfall. Additionally, recovery rates are now expected to be lower than initially anticipated, which could further tighten supply.
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 ₹3,590–₹3,660 per quintal, also steady versus the last session.
Ex-mill Sugar Prices as on Jan, 29 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3700 to 3710 |
₹3750 to 3760 |
|
South Karnataka |
₹4000 |
₹4050 |
|
Uttar Pradesh |
– |
₹3980 to 4100 |
|
Gujarat |
₹3771 to 3831 |
₹3841 to 3901 |
|
Tamil Nadu |
₹3925 to 4000 |
₹4020 to 4050 |
|
Madhya Pradesh |
₹3900 |
₹3950 to 3975 |
|
Punjab |
– |
₹4040 to 4171 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 29 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,357.50 |
|
Kolhapur |
M/30 |
₹3,895.50 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,200.00 |
|
Ahmedabad |
M/30 |
₹4,095.00 |
|
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 $408.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.64 c/lb. The corn futures market trades at 432-2 and the ethanol Chicago trades at 1.58000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 91.884 whereas USD was trading with BRL at 5.1944 Crude WTI traded at $64.64 a barrel. Sensex closed 221.69 points up at 82566.37 whereas Nifty closed 76.15 points higher at 25418.90
News Round-Up
Starbucks India launches “Zero-Sugar” flavours across its Indian stores
Starbucks India launches “Zero-Sugar” flavours across its Indian stores
Praj demonstrates integrated Ethanol-to-Jet pathway for Sustainable Aviation Fuel with Axens Jetanol™ technology
Overloaded sugarcane vehicles raise safety concern to commuters in North Karnataka: Report
Overloaded sugarcane vehicles raise safety concern to commuters in North Karnataka: Report
