ChiniMandi, Mumbai: 17th Mar 2026
Domestic Market
Domestic prices remained stable
Domestic sugar prices remained steady across major spot markets for the second consecutive session. According to market sources, despite a lower monthly release quota, buying interest stayed subdued, which continued to keep prices under pressure.
ISMA released sugar production data up to 15 March 2026. As per the update, Indian mills have produced 26.21 MMT of sugar, up 10.5% year-on-year. Around 157 mills are currently operating, compared with 182 mills during the same period last year.
In North India, M-grade sugar in Muzaffarnagar was quoted at ₹4,020–₹4,100 per quintal, unchanged from the previous session. In western India, S-grade sugar in Kolhapur was quoted at ₹3,690–₹3,730 per quintal, with the market remaining supported by limited buying activity.
Ex-mill Sugar Prices as on Mar, 17 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 |
– |
₹4020 to 4100 |
|
Gujarat |
₹3781 to 3801 |
₹3851 to 3880 |
|
Tamil Nadu |
₹3920 to 4125 |
₹3985 to 4150 |
|
Madhya Pradesh |
₹3890 to 3950 |
₹3960 to 4025 |
|
Punjab |
– |
₹4100 to 4151 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 17 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,336.50 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,273.50 |
|
Muzaffarnagar |
M/30 |
₹4,231.50 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,179.00 |
|
Chennai |
M/30 |
₹4,462.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $423.50 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.49 c/lb. The corn futures market trades at 456-2 and the ethanol Chicago trades at 1.86000.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 92.370 whereas USD was trading with BRL at 5.2157 Crude WTI traded at $95.00 a barrel. Sensex closed 567.99 points up at 76,070.84 whereas Nifty closed 172.35 points higher at 23,581.15
News Round-Up
Centre approves additional 87,587 tonnes of sugar export quota for 2025-26
Centre approves additional 87,587 tonnes of sugar export quota for 2025-26
Sugar stocks gain after centre approves additional export quota
Sugar stocks gain after centre approves additional export quota
Maharashtra mills get major share in sugar export quota, raise concerns over deadline
Maharashtra mills get major share in sugar export quota, raise concerns over deadline
