ChiniMandi, Mumbai: 10th Feb 2026
Domestic Market
Steady to weak sentiment reported in Domestic sugar price
Domestic sugar prices were reported steady to weak across the major markets and hovering near a three-month high. 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.
In North India, prices at Muzaffarnagar remained steady, reflecting a balanced spot market. M-grade sugar was quoted in the ₹4,020–₹4,120 per quintal range, lower by Rs 10-20 per quintal from the previous session. A similar pattern was visible in western India. At Kolhapur, a key benchmark center, S-grade sugar traded at ₹3,710–₹3,750 per quintal, lower by Rs 10 per quintal.
Ex-mill Sugar Prices as on Feb, 10 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3720 to 3740 |
₹3820 to 3840 |
|
South Karnataka |
₹4100 to 4125 |
₹4150 to 4175 |
|
Uttar Pradesh |
– |
₹4020 to 4120 |
|
Gujarat |
₹3821 to 3851 |
₹3861 to 3921 |
|
Tamil Nadu |
₹3960 to 4150 |
₹4030 to 4200 |
|
Madhya Pradesh |
₹3925 to 3965 |
₹3995 to 4065 |
|
Punjab |
– |
₹4100 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 10 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,368.00 |
|
Kanpur |
M/30 |
₹4,399.50 |
|
Kolhapur |
M/30 |
₹4,021.50 |
|
Kolkata |
M/30 |
₹4,389.00 |
|
Muzaffarnagar |
M/30 |
₹4,252.50 |
|
Ahmedabad |
M/30 |
₹4,200.00 |
|
Bangaluru |
M/30 |
₹4,158.00 |
|
Chennai |
M/30 |
₹4,357.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $402.30 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.29 c/lb. The corn futures market trades at 429-2 and the ethanol Chicago trades at 1.62500s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.419 whereas USD was trading with BRL at 5.1961 Crude WTI traded at $64.43 a barrel. Sensex closed 208.17 points up at 84273.92 whereas Nifty closed 67.85 points higher at 25935.15
News Round-Up
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South Africa: Farmers appeal to President Ramaphosa to protect local sugar industry
South Africa: Farmers appeal to President Ramaphosa to protect local sugar industry
