ChiniMandi, Mumbai: 12th Mar 2026
Domestic Market
Domestic prices stable to weak
Domestic sugar prices witnessed a steady to weak sentiment today in the major spot markets. Prices were reported lower by Rs 5-10 per quintal in Muzaffarnagar. As per the market sources, despite the lower monthly quota, buying interest is reported to be dull, which is keeping prices range-bound despite the expected lower production.
In North India, M-grade sugar in Muzaffarnagar was quoted at ₹4,030–₹4,110 per quintal, lower by Rs 10 per quintal compared to the previous session. Meanwhile, in western India, S-grade sugar prices in Kolhapur were reported at ₹3,700–₹3,730 per quintal, supported by sluggish buying interest.
Ex-mill Sugar Prices as on Mar, 12 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3700 to 3720 |
₹3800 to 3820 |
|
South Karnataka |
₹4100 to 4125 |
₹4150 to 4175 |
|
Uttar Pradesh |
– |
₹4030 to 4110 |
|
Gujarat |
₹3801 to 3821 |
₹3871 to 3900 |
|
Tamil Nadu |
₹3930 to 4150 |
₹4010 to 4150 |
|
Madhya Pradesh |
₹3900 to 3950 |
₹3970 to 4020 |
|
Punjab |
– |
₹4120 to 4131 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 12 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,336.50 |
|
Kanpur |
M/30 |
₹4,357.50 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,336.50 |
|
Muzaffarnagar |
M/30 |
₹4,252.50 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,200.00 |
|
Chennai |
M/30 |
₹4,452.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $415.70 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.36 c/lb. The corn futures market trades at 448-1 and the ethanol Chicago trades at 1.86000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 92.335 whereas USD was trading with BRL at 5.1720 Crude WTI traded at $93.41 a barrel. Sensex closed 829.29 points down at 76,034.42 whereas Nifty closed 227.70 points lower at 23,639.15
News Round-Up
Sunetra Pawar elected unopposed chairperson of Malegaon cooperative sugar mill
Sunetra Pawar elected unopposed chairperson of Malegaon cooperative sugar mill
Balrampur Chini Mills get ’56-Adequate’ ESG rating
If crude remains near USD 100/bbl, each month of crisis to add Rs 30,000 cr additional cost for centre: Report
