ChiniMandi, Mumbai: 1st Jan 2026
Domestic Market
Domestic sugar prices were reported weak
Domestic sugar prices were reported weak across major markets, with prices declining by โน5โ10 per quintal in Uttar Pradesh, Maharashtra, and Northern Karnataka. The weakness comes after a continuous downtrend since the start of the crushing season, largely driven by comfortable supply conditions and subdued demand.
According to the latest data released by the Indian Sugar and Bio-energy Manufacturers Association (ISMA), Indian mills have produced 11.9 million metric tonnes (MMT) of sugar up to 31 December 2025. A total of 504 mills are operational this season, compared with sugar production of 9.54 MMT and 492 mills operating during the same period last season, highlighting a significant year-on-year increase in output.
Spot prices in key physical markets reflected this subdued sentiment. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of โน3,920โโน3,990 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded marginally lower at โน3,575โโน3,630 per quintal, extending the gradual downward trend observed over the past few sessions.
Ex-mill Sugar Prices as on Jan, 1 2026 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3670 to 3680 |
โน3720 to 3730 |
|
South Karnataka |
โน3800 |
โน3850 |
|
Uttar Pradesh |
ย – |
โน3920 to 3990 |
|
Gujarat |
โน3691 to 3721 |
โน3761 to 3791 |
|
Tamil Nadu |
โน3875 to 4050 |
โน4100 |
|
Madhya Pradesh |
โน3750 to 3805 |
โน3820 to 3905 |
|
Punjab |
– |
โน4040 to 4141 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 1 2026 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,284.00 |
|
Kanpur |
M/30 |
โน4,315.50 |
|
Kolhapur |
M/30 |
โน3,895.50 |
|
Kolkata |
M/30 |
โน4,305.00 |
|
Muzaffarnagar |
M/30 |
โน4,137.00 |
|
Ahmedabad |
M/30 |
โน4,074.00 |
|
Bangaluru |
M/30 |
โน4,158.00 |
|
Chennai |
M/30 |
โน4,284.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $427.50 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.01 c/lb. The corn futures market trades at 441-0 and the ethanol Chicago trades at 1.58750s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 89.968 whereas USD was trading with BRL at 5.4778 Crude WTI traded at $57.42 a barrel. Sensex closed 32.00 points down at 85,188.60 whereas Nifty closed 16.95 points higher at 26,146.55.
News Round-Up
Season 2025-26: Sugar production updates by ISMA till December 31
Season 2025-26: Sugar production updates by ISMA till December 31
ISMA says GST rationalisation on flex-fuel vehicles, crucial for ethanol ecosystem
ISMA says GST rationalisation on flex-fuel vehicles, crucial for ethanol ecosystem
ISMA calls for fair ethanol allocation: 150 crore litres from SCJ and BHM in Cycle-2
ISMA calls for fair ethanol allocation: 150 crore litres from SCJ and BHM in Cycle-2
