ChiniMandi, Mumbai: 06th Feb 2026
Domestic Market
Steady sentiment continued in Domestic sugar price
Domestic sugar prices continue to show firmness, with rates hovering near a three-month high. The strength is being driven more by sentiment than by a spike in immediate demand. Market participants are reacting to expectations of a possible increase in the sugar MSP, along with growing trade talk that production may come in lower than earlier estimates, particularly in Maharashtra and Karnataka. These supply-side concerns are keeping mills confident and discouraging aggressive selling, even though current offtake is described as normal rather than exceptional.
In north India, prices at Muzaffarnagar held steady. M-grade sugar was quoted at ₹4,030–₹4,140 per quintal, unchanged from the previous session. In western India, the trend was similar. At Kolhapur, a key benchmark market, S-grade sugar traded in the ₹3,690–₹3,780 per quintal range, also steady day on day. Although Maharashtra is among the states where lower output is anticipated, present physical availability appears adequate, preventing any sharp short-term price spike.
Overall, the market undertone remains firm, supported mainly by expectations of tighter future supply and possible policy support rather than by any sudden jump in spot demand. If production estimates decline further or an MSP revision is officially announced, sentiment could turn more bullish. Otherwise, prices may continue to consolidate around these elevated levels in the near term.
Ex-mill Sugar Prices as on Feb, 06 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3790 |
₹3870 to 3890 |
|
South Karnataka |
₹4100 to 4125 |
₹4150 to 4175 |
|
Uttar Pradesh |
– |
₹4030 to 4140 |
|
Gujarat |
₹3821 to 3851 |
₹3861 to 3921 |
|
Tamil Nadu |
₹4000 to 4150 |
₹4150 to 4200 |
|
Madhya Pradesh |
₹3925 to 3970 |
₹3975 to 4020 |
|
Punjab |
– |
₹4100 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 06 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,368.00 |
|
Kanpur |
M/30 |
₹4,399.50 |
|
Kolhapur |
M/30 |
₹4,032.00 |
|
Kolkata |
M/30 |
₹4,399.50 |
|
Muzaffarnagar |
M/30 |
₹4,263.00 |
|
Ahmedabad |
M/30 |
₹4,200.00 |
|
Bangaluru |
M/30 |
₹4,158.00 |
|
Chennai |
M/30 |
₹4,347.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $406.20 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.18 c/lb. The corn futures market trades at 434-4 and the ethanol Chicago trades at 1.60500s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.620 whereas USD was trading with BRL at 5.2358 Crude WTI traded at $63.11 a barrel. Sensex closed 266.47 points up at 83,580.40 whereas Nifty closed 50.90 points higher at 25,693.70.
News Round-Up
Maharashtra sugar output crosses 82 lakh tonnes, surpasses last season’s 81 lakh tonnes
Maharashtra sugar output crosses 82 lakh tonnes, surpasses last season’s 81 lakh tonnes
Season 2025-26: Sugar production in Maharashtra reaches 825.59 lakh quintals
Season 2025-26: Sugar production in Maharashtra reaches 825.59 lakh quintals
Godavari Biorefineries partners with Synthomer to develop bio-based alternatives to fossil-based monomers
