ChiniMandi, Mumbai: 20th Feb 2026
Domestic Market
Domestic prices remained stable
Domestic sugar prices were reported steady across the major markets for the third session. As news of the sugar MSP is fading, prices have remained in a broader range over the last 11-15 trading sessions and downside risks to the prices looks limited. Moreover, the forecast of above-normal temperatures by IMD is likely to keep overall demand stronger. Additionally, Indian sugar production is hinting further lower with lower production expectations from Maharashtra and Karnataka.
In North India, the Muzaffarnagar market witnessed a balanced spot scenario, with M-grade sugar quoted at ₹4,040–₹4,150 per quintal, unchanged from the previous session. Similarly, in Kolhapur—a key benchmark market—S-grade sugar traded steady at ₹3,700–₹3,750 per quintal.
Ex-mill Sugar Prices as on Feb, 20 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3700 to 3720 |
₹3800 to 3820 |
|
South Karnataka |
₹4100 to 4125 |
₹4150 to 4175 |
|
Uttar Pradesh |
– |
₹4040 to 4150 |
|
Gujarat |
₹3781 to 3801 |
₹3821 to 3871 |
|
Tamil Nadu |
₹3950 to 4150 |
₹4150 to 4200 |
|
Madhya Pradesh |
₹3900 to 3950 |
₹3970 to 4050 |
|
Punjab |
– |
₹4090 to 4151 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 20 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,357.50 |
|
Kanpur |
M/30 |
₹4,399.50 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,378.50 |
|
Muzaffarnagar |
M/30 |
₹4,263.00 |
|
Ahmedabad |
M/30 |
₹4,200.00 |
|
Bangaluru |
M/30 |
₹4,158.00 |
|
Chennai |
M/30 |
₹4,357.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $402.70 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.07 c/lb. The corn futures market trades at 427-0 and the ethanol Chicago trades at 1.66000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.941 whereas USD was trading with BRL at 5.2164 Crude WTI traded at $66.09 a barrel. Sensex closed 316.57 points up at 82814.71 whereas Nifty closed 116.90 points higher at 25571.25
News Round-Up
BPCL signs multiple CBG agreements; accelerates its green pledge
BPCL signs multiple CBG agreements; accelerates its green pledge
Government will not allow any ethanol plant to shut down, says Bihar Industry Minister
Government will not allow any ethanol plant to shut down, says Bihar Industry Minister
U.S. ethanol exports rise 13% in 2025; distillers grains shipments decline
U.S. ethanol exports rise 13% in 2025; distillers grains shipments decline
