ChiniMandi, Mumbai: 20th Mar 2026
Domestic Market
Domestic prices reported weak
Domestic sugar prices were reported weak across major spot markets on dull buying. Market sources indicated that despite a lower monthly release quota, buying interest remained subdued, keeping prices largely range-bound. Moreover, with the tensions in the Middle East, export inquiries are reported to be weak.
In North India, M-grade sugar in Muzaffarnagar was quoted at ₹3,990–₹4,080 per quintal, unchanged from the previous session. Meanwhile, in western India, S-grade sugar in Kolhapur was quoted at ₹3,690–₹3,720 per quintal, with the market continuing to find support amid limited buying activity.
Ex-mill Sugar Prices as on Mar, 20 2026 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3690 to 3710 |
₹3790 to 3810 |
|
South Karnataka |
₹4100 to 4125 |
₹4150 to 4175 |
|
Uttar Pradesh |
– |
₹3990 to 4080 |
|
Gujarat |
₹3781 to 3801 |
₹3851 to 3880 |
|
Tamil Nadu |
₹3920 to 4125 |
₹3985 to 4150 |
|
Madhya Pradesh |
₹3885 to 3935 |
₹3955 to 4005 |
|
Punjab |
– |
₹4100 to 4151 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Mar, 20 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,326.00 |
|
Kolhapur |
M/30 |
₹3,990.00 |
|
Kolkata |
M/30 |
₹4,252.50 |
|
Muzaffarnagar |
M/30 |
₹4,210.50 |
|
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 $449.70 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.48 c/lb. The corn futures market trades at 466-6 and the ethanol Chicago trades at 1.93000.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 93.561 whereas USD was trading with BRL at 5.2460 Crude WTI traded at $94.61 a barrel. Sensex closed 325.72 points up at 74532.96 whereas Nifty closed 112.35 points higher at 23114.50
News Round-Up
Season 2025–26: Sugar mills in Maharashtra owe Rs 3,968 crore in pending cane dues
Season 2025–26: Sugar mills in Maharashtra owe Rs 3,968 crore in pending cane dues
BPCL commissions 2G bioethanol refinery in Odisha, boosts clean energy push
BPCL commissions 2G bioethanol refinery in Odisha, boosts clean energy push
Brazil: Decisions on fuel import costs could alter sugar floor
Brazil: Decisions on fuel import costs could alter sugar floor
