ChiniMandi, Mumbai: 16th Jan 2026
Domestic Market
Domestic sugar prices were stable to higher
Domestic sugar prices remained largely stable in today’s trading session in the major markets of Maharashtra while traded higher in Uttar Pradesh. Prices are trading steady over the last 3-4 sessions after a continued downward trend in Maharashtra. As prices have corrected around Rs 2-3 per kg from the recent high, they are holding steady at the current levels.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,879–₹3,970 per quintal, higher by Rs 15-20 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded at ₹3,530–₹3,580 per quintal quoting steady over the last 3-4 sessions.
Ex-mill Sugar Prices as on Jan, 16 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3650 to 3660 |
₹3700 to 3710 |
|
South Karnataka |
₹3800 |
₹3850 |
|
Uttar Pradesh |
– |
₹3879 to 3970 |
|
Gujarat |
₹3671 to 3701 |
₹3741 to 3771 |
|
Tamil Nadu |
₹3810 to 4040 |
₹4000 |
|
Madhya Pradesh |
₹3760 to 3800 |
₹3830 to 3950 |
|
Punjab |
– |
₹4000 to 4071 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 16 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,231.50 |
|
Kanpur |
M/30 |
₹4,336.50 |
|
Kolhapur |
M/30 |
₹3,832.50 |
|
Kolkata |
M/30 |
₹4,231.50 |
|
Muzaffarnagar |
M/30 |
₹4,095.00 |
|
Ahmedabad |
M/30 |
₹4,021.50 |
|
Bangaluru |
M/30 |
₹4,095.00 |
|
Chennai |
M/30 |
₹4,200.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $424.20ton, whereas the New York Sugar # 11 The front month contract is trading at 14.78 c/lb. The corn futures market trades at 422-0 and the ethanol Chicago trades at 1.53500s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.725 whereas USD was trading with BRL at 5.3700 Crude WTI traded at $60.09 a barrel. Sensex closed 187.64 points down at 83,570.35 whereas Nifty closed 28.75 points lower at 25,694.35.
News Round-Up
Sugar consumption may remain closer to 28.5 MMT or marginally lower: Atul Chaturvedi
Sugar consumption may remain closer to 28.5 MMT or marginally lower: Atul Chaturvedi
Season 2025-26: Sugar production updates by ISMA till January 15
Season 2025-26: Sugar production updates by ISMA till January 15
Kenya to chair the ISO Council in 2026
