ChiniMandi, Mumbai: 02nd Feb 2026
Domestic Market
Domestic sugar price continue to rise
Domestic sugar prices continued to trade higher and reported higher by Rs 20-50 per quintal across major markets. Reports of lower sugar production, particularly from Maharashtra and Karnataka, due to excess rainfall is supporting the prices in the spot markets. Additionally, recovery rates are now expected to be lower than initially anticipated, which could further tighten supply.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹4,060–₹4,160 per quintal, higher by Rs 20-30 per quintal compared to the previous session. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded at ₹3,700–₹3,800 per quintal, higher by Rs 50-60 per quintal versus the last session.
Ex-mill Sugar Prices as on Feb, 02 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3750 to 3770 |
₹3850 to 3870 |
|
South Karnataka |
₹4025 to 4050 |
₹4075 to 4100 |
|
Uttar Pradesh |
– |
₹4060 to 4160 |
|
Gujarat |
₹3771 to 3831 |
₹3841 to 3901 |
|
Tamil Nadu |
₹3980 to 4100 |
₹4075 to 4150 |
|
Madhya Pradesh |
₹3970 |
₹4020 |
|
Punjab |
– |
₹4100 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 02 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,389.00 |
|
Kanpur |
M/30 |
₹4,410.00 |
|
Kolhapur |
M/30 |
₹4,042.50 |
|
Kolkata |
M/30 |
₹4,410.00 |
|
Muzaffarnagar |
M/30 |
₹4,284.00 |
|
Ahmedabad |
M/30 |
₹4,200.00 |
|
Bangaluru |
M/30 |
₹4,179.00 |
|
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 $404.20 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.19 c/lb. The corn futures market trades at 426-4 and the ethanol Chicago trades at 1.59000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 91.393 whereas USD was trading with BRL at 5.2575 Crude WTI traded at $62.09 a barrel. Sensex closed 943.52 points up at 81666.46 whereas Nifty closed 262.95 points higher at 25088.40
News Round-Up
HPCL’s paddy straw based 2G bio-ethanol project expected to be completed by March 2026
HPCL’s paddy straw based 2G bio-ethanol project expected to be completed by March 2026
2025-26 SS: Lower sugar production may force Government to walk fine line between commitment and support
Triveni Engineering delivers strong Q3: Sugar & distillery surge push PBT up 118%
Triveni Engineering delivers strong Q3: Sugar & distillery surge push PBT up 118%
Karnataka Deputy CM questions Centre’s failure to raise sugar MSP
Karnataka Deputy CM questions Centre’s failure to raise sugar MSP
