ChiniMandi, Mumbai: 17th Feb 2026
Domestic Market
Domestic prices stable to higher
Domestic sugar prices were reported steady to slightly higher in today’s session, continuing to hover near a three-month high. The market maintained a firm undertone, largely supported by ongoing supply concerns. In addition, the onset of summer and expectations of above-normal temperatures are likely to support
consumption, providing further stability to prices. In Uttar Pradesh, prices increased by ₹10–15 per quintal.
In North India, the Muzaffarnagar market witnessed a balanced spot scenario, with M-grade sugar quoted at ₹4,040–₹4,150 per quintal, unchanged from the previous session. Similarly, in Kolhapur—a key benchmark market—S-grade sugar traded steady at ₹3,720–₹3,760 per quintal. Overall, market sentiment remains firm, supported by tight supplies and an improving seasonal demand outlook.
Ex-mill Sugar Prices as on Feb, 17 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 |
– |
₹4040 to 4150 |
|
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 4181 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 17 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 |
₹4,263.00 |
|
Ahmedabad |
M/30 |
₹4,200.00 |
|
Bangaluru |
M/30 |
₹4,179.00 |
|
Chennai |
M/30 |
₹4,368.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $405.50 ton, whereas the New York Sugar # 11 The front month contract is trading at 13.99 c/lb. The corn futures market trades at 429-0 and the ethanol Chicago trades at 1.65000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.684 whereas USD was trading with BRL at 5.2229 Crude WTI traded at $63.58 a barrel. Sensex closed 173.81 points up at 83,450.96 whereas Nifty closed 42.65 points higher at 25,725.40
News Round-Up
Maharashtra: State sugar commissioner asks mills to pay FRP on time to avoid penal action
Maharashtra: State sugar commissioner asks mills to pay FRP on time to avoid penal action
‘Bharat-VISTAAR’ launched
Bihar govt urges Centre to increase ethanol purchase quota
