ChiniMandi, Mumbai: 05th Feb 2026
Domestic Market
Steady sentiment continued in Domestic sugar price
Domestic sugar markets are holding firm, with prices hovering around a three-month high. The strength is largely sentiment-driven, following expectations of a higher sugar MSP and increasing trade chatter about lower-than-earlier-estimated production, especially from Maharashtra and Karnataka. These supply concerns are keeping mills confident and limiting aggressive selling, even though physical demand is described as routine rather than exceptional.
In north India, prices in Muzaffarnagar remained steady. M-grade sugar was quoted at тВ╣4,030тАУтВ╣4,140 per quintal, unchanged from the previous session. The stability here reflects balanced local demand and controlled release from mills, with no immediate pressure from excess arrivals.
In western India, the tone was similar. At Kolhapur, a key benchmark market, S-grade sugar traded in the тВ╣3,690тАУтВ╣3,780 per quintal range, also steady day-on-day. Despite Maharashtra being one of the states with reduced output expectations, current availability in physical markets appears sufficient to prevent any sharp near-term spike.
Overall, the market bias remains firm, supported more by forward-looking supply tightness and policy expectations than by any sudden surge in spot demand. If production estimates tighten further or MSP revision becomes official, sentiment could turn more bullish; otherwise, prices may consolidate at these elevated levels in the near term.
Ex-mill Sugar Prices as on Feb, 05 2026 :┬а
|
State |
S/30┬а [Rates per Quintal]┬а |
M/30 [Rates per Quintal]┬а |
|
Maharashtra |
тВ╣3770 to 3790 |
тВ╣3870 to 3890 |
|
South Karnataka |
тВ╣4100 to 4125 |
тВ╣4150 to 4175 |
|
Uttar Pradesh |
┬а – |
тВ╣4030 to 4140 |
|
Gujarat |
тВ╣3821 to 3851 |
тВ╣3861 to 3921 |
|
Tamil Nadu |
тВ╣4050 to 4150 |
тВ╣4150 to 4200 |
|
Madhya Pradesh |
тВ╣3935 to 3975 |
тВ╣4005 to 4075 |
|
Punjab |
– |
тВ╣4100 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 05 2026 :┬а
|
City┬а |
Grade┬а |
Rate┬а |
|
Delhi |
M/30 |
тВ╣4,368.00 |
|
Kanpur |
M/30 |
тВ╣4,399.50 |
|
Kolhapur |
M/30 |
тВ╣4,032.00 |
|
Kolkata |
M/30 |
тВ╣4,399.50 |
|
Muzaffarnagar |
M/30 |
тВ╣4,263.00 |
|
Ahmedabad |
M/30 |
тВ╣4,200.00 |
|
Bangaluru |
M/30 |
тВ╣4,158.00 |
|
Chennai |
M/30 |
тВ╣4,347.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $408.50 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.32 c/lb. The corn futures market trades at 430-4 and the ethanol Chicago trades at 1.59250s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.296 whereas USD was trading with BRL at 5.2395 Crude WTI traded at $64.25 a barrel. Sensex closed 503.76 points down at 83,313.93 whereas Nifty closed 133.20 points lower at 25,642.80.
News Round-Up
Season 2025-26: Sugar mills in Maharashtra owe Rs 4,252 crore in pending cane dues
Season 2025-26: Sugar mills in Maharashtra owe Rs 4,252 crore in pending cane dues
Over 500 women among 800 missing in Delhi: Police data
Indian firmтАЩs Kawambwa sugar project in Zambia likely to be commissioned by April 2028
Indian firmтАЩs Kawambwa sugar project in Zambia likely to be commissioned by April 2028
