Daily Sugar Market Update By Vizzie – 03/03/2026

ChiniMandi, Mumbai: 03rd Mar 2026

Domestic Market
Domestic prices remain steady

Domestic sugar prices traded steady across major spot markets in today’s session. The firmness in prices is primarily supported by expectations of lower domestic production, which continue to underpin overall market sentiment. Additionally, the lower monthly release quota has lent further support across key trading centres. However, trading activity remained subdued due to the Holi festival, according to market participants.

In North India, M-grade sugar in Muzaffarnagar was quoted at ₹4,030–₹4,140 per quintal, unchanged from the previous session. Meanwhile, in western India, S-grade sugar prices in Kolhapur were reported at ₹3,720–₹3,740 per quintal, supported by healthy buying interest.

Ex-mill Sugar Prices as on Mar, 03 2026 : 

State

S/30 

[Rates per Quintal] 

M/30

[Rates per Quintal] 

Maharashtra

₹3720 to 3740

₹3820 to 3840

South Karnataka

₹4100 to 4125

₹4150 to 4175

Uttar Pradesh

  –

₹4030 to 4140

Gujarat

₹3811 to 3831

₹3851 to 3901

Tamil Nadu

₹3980 to 4150

₹4060 to 4150

Madhya Pradesh

₹3920 to 3970

₹3995 to 4040

Punjab

₹4090 to 4151

(All the above rates are excluding GST)

Destination-wise Spot Prices as on Mar, 03 2026 : 

City 

Grade 

Rate 

Delhi

M/30

₹4,347.00

Kanpur

M/30

₹4,389.00

Kolhapur

M/30

₹4,021.50

Kolkata

M/30

₹4,357.50

Muzaffarnagar

M/30

₹4,263.00

Ahmedabad

M/30

₹4,158.00

Bangaluru

M/30

₹4,179.00

Chennai

M/30

₹4,389.00

News Round-Up

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ISO quarterly report suggests modest global surplus, consumption uptick led by USA

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Maharashtra sets up panel to probe sugar mills’ loan use

Global sugar market turns unconventional: Tight stocks, soft prices, and India in status quo

Global sugar market turns unconventional: Tight stocks, soft prices, and India in status quo

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