ChiniMandi, Mumbai: 03rd Feb 2026
Domestic Market
Domestic sugar price traded lower
Domestic sugar prices traded lower across the markets and reported lower by Rs 10-30 per quintal across major markets. After a sharp rise, on the news of increase in sugar MSP initially and reports of lower sugar production, particularly from Maharashtra and Karnataka, prices in the spot markets quoted lower today.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹4,030–₹4,140 per quintal, lower by Rs 20-30 per quintal compared to the previous session. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded at ₹3,690–₹3,780 per quintal, lower by Rs 10-20 per quintal versus the last session.
Ex-mill Sugar Prices as on Feb, 03 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3770 to 3790 |
₹3870 to 3890 |
|
South Karnataka |
₹4075 to 4100 |
₹4125 to 4150 |
|
Uttar Pradesh |
– |
₹4030 to 4140 |
|
Gujarat |
₹3821 to 3851 |
₹3861 to 3921 |
|
Tamil Nadu |
₹4030 to 4150 |
₹4125 to 4200 |
|
Madhya Pradesh |
₹3935 to 3975 |
₹4000 to 4075 |
|
Punjab |
– |
₹4100 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 03 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,368.00 |
|
Kanpur |
M/30 |
₹4,399.50 |
|
Kolhapur |
M/30 |
₹4,032.00 |
|
Kolkata |
M/30 |
₹4,399.50 |
|
Muzaffarnagar |
M/30 |
₹4,263.00 |
|
Ahmedabad |
M/30 |
₹4,200.00 |
|
Bangaluru |
M/30 |
₹4,158.00 |
|
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 $413.30 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.51 c/lb. The corn futures market trades at 426-6 and the ethanol Chicago trades at 1.58250s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.185 whereas USD was trading with BRL at 5.2608 Crude WTI traded at $62.44 a barrel. Sensex closed 2,772.67 points up at 83,739.13 whereas Nifty closed 639.15 points higher at 25,727.55.
News Round-Up
Budget 2026 powers India’s biofuel leap: AIDA President Vijendra Singh
Budget 2026 powers India’s biofuel leap: AIDA President Vijendra Singh
Why is sugar omitted from the India-EU FTA list?
India-US trade deal: Tariffs on Indian imports lowered from 50% to 18%
India-US trade deal: Tariffs on Indian imports lowered from 50% to 18%
