ChiniMandi, Mumbai: 12th Feb 2026
Domestic Market
Domestic sugar prices remained stable
Domestic sugar prices continue to hold firm, hovering near a three-month high. The prevailing strength is being driven largely by market sentiment rather than any significant pickup in real-time demand. These supply-side concerns have boosted mill confidence, reducing the urgency to offload stocks aggressively, even as physical market offtake remains routine rather than robust.
In North India, prices in Muzaffarnagar were steady, indicating a balanced spot market. M-grade sugar was quoted at ₹4,030–₹4,140 per quintal, unchanged from the previous session. A similar trend was observed in western India. At Kolhapur, a key benchmark market, S-grade sugar traded at ₹3,720–₹3,760 per quintal, also steady on the day.
Ex-mill Sugar Prices as on Feb, 12 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 |
– |
₹4030 to 4140 |
|
Gujarat |
₹3821 to 3851 |
₹3861 to 3921 |
|
Tamil Nadu |
₹3960 to 4150 |
₹4030 to 4200 |
|
Madhya Pradesh |
₹3920 to 3960 |
₹3990 to 4060 |
|
Punjab |
– |
₹4100 to 4201 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 12 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 $384.30 ton, whereas the New York Sugar # 11 The front month contract is trading at 13.76 c/lb. The corn futures market trades at 428-2 and the ethanol Chicago trades at 1.65000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.588 whereas USD was trading with BRL at 5.1815 Crude WTI traded at $64.45 a barrel. Sensex closed 558.72 points down at 83,674.92 whereas Nifty closed 146.65 points higher at 25,807.20.
News Round-Up
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