ChiniMandi, Mumbai: 18th Mar 2026
Domestic Market
Domestic prices remained stable
Domestic sugar prices remained steady across major spot markets for the third consecutive session. Market sources indicated that despite a lower monthly release quota, buying interest remained subdued, keeping prices largely range-bound.
According to sugar production data released by Indian Sugar and Bio-energy Manufacturers Association (ISMA) up to 15 March 2026, Indian mills have produced 26.21 million metric tons (MMT) of sugar so far this season, reflecting a 10.5% increase year-on-year. Currently, 157 sugar mills are operational, compared with 182 mills during the same period last year.
In North India, M-grade sugar in Muzaffarnagar was quoted at ₹4,020–₹4,100 per quintal, unchanged from the previous session. Meanwhile, in western India, S-grade sugar in Kolhapur was quoted at ₹3,690–₹3,730 per quintal, with the market continuing to find support amid limited buying activity.
Ex-mill Sugar Prices as on Mar, 18 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 |
– |
₹4020 to 4100 |
|
Gujarat |
₹3781 to 3801 |
₹3851 to 3880 |
|
Tamil Nadu |
₹3920 to 4125 |
₹4150 |
|
Madhya Pradesh |
₹3890 to 3950 |
₹3960 to 4025 |
|
Punjab |
– |
₹4100 to 4151 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 18 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,305.00 |
|
Kanpur |
M/30 |
₹4,336.50 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,273.50 |
|
Muzaffarnagar |
M/30 |
₹4,231.50 |
|
Ahmedabad |
M/30 |
₹4,137.00 |
|
Bangaluru |
M/30 |
₹4,179.00 |
|
Chennai |
M/30 |
₹4,462.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $426.70 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.45 c/lb. The corn futures market trades at 454-0 and the ethanol Chicago trades at 1.89000.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 92.865 whereas USD was trading with BRL at 5.2200 Crude WTI traded at $96.60 a barrel. Sensex closed 633.29 points up at 76,704.13 whereas Nifty closed 196.65 points higher at 23,777.80
News Round-Up
Karnataka: Farmers threaten to launch agitation if cane dues are not paid on time
Karnataka: Farmers threaten to launch agitation if cane dues are not paid on time
Sugar export deadline sparks concern as Centre clears additional quota
Sugar export deadline sparks concern as Centre clears additional quota
Karnataka fulfils Rs 100 per tonne aid promise to sugarcane farmers, says minister
Karnataka fulfils Rs 100 per tonne aid promise to sugarcane farmers, says minister
