ChiniMandi, Mumbai: 16th Feb 2026
Domestic Market
Domestic prices remained stable
Domestic sugar prices remained steady in today’s session, continuing to hover near a three-month high. The market maintained a firm undertone, primarily supported by ongoing supply concerns, which have boosted mill confidence and helped sustain current price levels. Additionally, the onset of summer and expectations of above-normal temperatures are likely to support consumption, providing further stability to prices.
In North India, the Muzaffarnagar market witnessed a balanced spot scenario, with M-grade sugar quoted at ₹4,030–₹4,140 per quintal, unchanged from the previous session. Likewise, in Kolhapur — a key benchmark market — S-grade sugar traded steady at ₹3,720–₹3,760 per quintal. Overall, market sentiment remains firm, backed by tight supplies and improving seasonal demand outlook.
Ex-mill Sugar Prices as on Feb, 16 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3710 to 3730 |
₹3810 to 3830 |
|
South Karnataka |
₹4100 to 4125 |
₹4150 to 4175 |
|
Uttar Pradesh |
– |
₹4030 to 4140 |
|
Gujarat |
₹3801 to 3831 |
₹3841 to 3901 |
|
Tamil Nadu |
₹3930 to 4150 |
₹4000 to 4200 |
|
Madhya Pradesh |
₹3910 to 3950 |
₹3980 to 4050 |
|
Punjab |
– |
₹4090 to 4151 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 16 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,368.00 |
|
Kanpur |
M/30 |
₹4,399.50 |
|
Kolhapur |
M/30 |
₹4,011.00 |
|
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 $405.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 13.78 c/lb. The corn futures market trades at 431-6 and the ethanol Chicago trades at 1.65000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.685 whereas USD was trading with BRL at 5.2244 Crude WTI traded at $62.86 a barrel. Sensex closed 650.39 points up at 83277.15 whereas Nifty closed 211.65 points higher at 25682.75
News Round-Up
India gears up for cleaner aviation fuel ahead of 2027 global emission rules
India gears up for cleaner aviation fuel ahead of 2027 global emission rules
Maharashtra leads India’s sugar output as top three states contribute over 87%
Maharashtra leads India’s sugar output as top three states contribute over 87%
Sugar recovery improves as India crushes over 2,400 LMT cane this season
Sugar recovery improves as India crushes over 2,400 LMT cane this season
