ChiniMandi, Mumbai: 9th Feb 2026
Domestic Market
Steady sentiment continued in Domestic sugar price
Domestic sugar prices are holding firm, hovering near a three-month high, with the current strength driven more by market sentiment than by any surge in real-time demand. Traders and millers are positioning themselves around expectations of a possible increase in the sugar MSP, while trade chatter continues to highlight the risk of lower-than-earlier-projected production in Maharashtra and Karnataka. These supply-side concerns are lending confidence to mills, reducing their urgency to sell aggressively, even though actual offtake in the physical market is being described as routine rather than strong.
In North India, prices at Muzaffarnagar remained steady, reflecting a balanced spot market. M-grade sugar was quoted in the тВ╣4,030тАУтВ╣4,140 per quintal range, unchanged from the previous session. A similar pattern was visible in western India. At Kolhapur, a key benchmark center, S-grade sugar traded at тВ╣3,720тАУтВ╣3,760 per quintal, also steady on the day.
Ex-mill Sugar Prices as on Feb, 09 2026 :┬а
|
State |
S/30┬а [Rates per Quintal]┬а |
M/30 [Rates per Quintal]┬а |
|
Maharashtra |
тВ╣3730 to 3750 |
тВ╣3830 to 3850 |
|
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╣3970 to 4150 |
тВ╣4030 to 4200 |
|
Madhya Pradesh |
тВ╣3925 to 3965 |
тВ╣3995 to 4065 |
|
Punjab |
– |
тВ╣4100 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 09 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 $405.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.20 c/lb. The corn futures market trades at 428-2 and the ethanol Chicago trades at 1.62000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.666 whereas USD was trading with BRL at 5.2171 Crude WTI traded at $63.76 a barrel. Sensex closed 485.35 points up at 84065.75 whereas Nifty closed 173.60 points higher at 25867.30
News Round-Up
India adopts up to 10-year tariff elimination plan while protecting sensitive crops: Centre
India adopts up to 10-year tariff elimination plan while protecting sensitive crops: Centre
US DDGS can dent margins of grain distilleries, but good for feed industry: Atul Chaturvedi
US DDGS can dent margins of grain distilleries, but good for feed industry: Atul Chaturvedi
DDGS import: Govt assures safeguards to protect domestic players
DDGS import: Govt assures safeguards to protect domestic players
