ChiniMandi, Mumbai: 23rd Feb 2026
Domestic Market
Domestic prices were reported stable to weak
Domestic sugar prices were largely steady to slightly weak in today’s session. In Uttar Pradesh, prices declined by ₹5–10 per quintal, while markets in Maharashtra and Karnataka remained mostly stable. With the impact of the sugar MSP news gradually fading, prices have been moving within a broader range over the past 11–15 trading sessions, and further downside appears limited.
In addition, India’s sugar output outlook has turned lower, mainly due to reduced production expectations from Maharashtra and Karnataka. Meanwhile, the IMD’s forecast of above-normal temperatures is expected to support consumption demand. In North India, M-grade sugar in the Muzaffarnagar market was in the range of ₹4,030–₹4,130 per quintal. In Kolhapur, S-grade sugar traded in the range of ₹3,690–₹3,740 per quintal.
Ex-mill Sugar Prices as on Feb, 23 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 |
– |
₹4030 to 4130 |
|
Gujarat |
₹3781 to 3801 |
₹3821 to 3871 |
|
Tamil Nadu |
₹3950 to 4100 |
₹4020 to 4150 |
|
Madhya Pradesh |
₹3900 to 3950 |
₹3970 to 4050 |
|
Punjab |
– |
₹4090 to 4151 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 23 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,357.50 |
|
Kanpur |
M/30 |
₹4,389.00 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,378.50 |
|
Muzaffarnagar |
M/30 |
₹4,247.25 |
|
Ahmedabad |
M/30 |
₹4,179.00 |
|
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 $411.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.50 c/lb. The corn futures market trades at 426-2 and the ethanol Chicago trades at 1.66750s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.911 whereas USD was trading with BRL at 5.1859 Crude WTI traded at $66.59 a barrel. Sensex closed 479.95 points up at 83294.66 whereas Nifty closed 141.75 points higher at 25713.00
News Round-Up
Maharashtra sugar industry awaits structural reforms
Bihar’s Pusa University named centre of excellence for jaggery
Bihar’s Pusa University named centre of excellence for jaggery
Balrampur Chini Mills secures first PLA product order from Lucknow cantonment board
Balrampur Chini Mills secures first PLA product order from Lucknow cantonment board
