ChiniMandi, Mumbai: 24th Feb 2026
Domestic Market
Domestic prices were reported stable to weak
Domestic sugar prices were slightly weak in today’s session, with prices reporting lower by Rs 10-20 per quintal across the major markets. In Uttar Pradesh, prices declined by ₹5–10 per quintal, while markets in Maharashtra and Karnataka witnessed a fall of Rs 10-20 per quintal. With the impact of the sugar MSP news gradually fading, prices are falling slightly.
In addition, India’s sugar output outlook has turned lower, mainly due to reduced production expectations from Maharashtra and Karnataka. Meanwhile, the IMD’s forecast of above-normal temperatures is expected to support consumption demand. In North India, M-grade sugar in the Muzaffarnagar market was in the range of ₹4,025–₹4,120 per quintal. In Kolhapur, S-grade sugar traded in the range of ₹3,680–₹3,720 per quintal.
Ex-mill Sugar Prices as on Feb, 24 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3690 to 3710 |
₹3790 to 3810 |
|
South Karnataka |
₹4100 to 4125 |
₹4150 to 4175 |
|
Uttar Pradesh |
– |
₹4025 to 4120 |
|
Gujarat |
₹3781 to 3801 |
₹3821 to 3871 |
|
Tamil Nadu |
₹3950 to 4100 |
₹4020 to 4150 |
|
Madhya Pradesh |
₹3895 to 3945 |
₹3965 to 4015 |
|
Punjab |
– |
₹4090 to 4151 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 24 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,357.50 |
|
Kanpur |
M/30 |
₹4,389.00 |
|
Kolhapur |
M/30 |
₹3,990.00 |
|
Kolkata |
M/30 |
₹4,368.00 |
|
Muzaffarnagar |
M/30 |
₹4,242.00 |
|
Ahmedabad |
M/30 |
₹4,158.00 |
|
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 $407.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.45 c/lb. The corn futures market trades at 427-4 and the ethanol Chicago trades at 1.67250s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.919 whereas USD was trading with BRL at 5.1723 Crude WTI traded at $66.42 a barrel. Sensex closed 1,068.74 points down at 82,225.92 whereas Nifty closed 288.35 points lower at 25,424.65
News Round-Up
NSI Kanpur leads India’s AI-powered sugar revolution
Maharashtra: 60 mills closed, output reaches 922.95 lakh quintals
Maharashtra: 60 mills closed, output reaches 922.95 lakh quintals
Karnataka: sugarcane farmers in Aland taluk boost output with AI-based farming
Karnataka: sugarcane farmers in Aland taluk boost output with AI-based farming
