ChiniMandi, Mumbai: 26th Feb 2026
Domestic Market
Domestic prices traded higher on expected lower production
Domestic sugar prices moved higher by about ₹5-10 per quintal in today’s session across major spot markets, recovering after the recent mild correction. Firmness in prices is mainly attributed to expectations of lower domestic production, which continue to lend support to market sentiment.
The Indian Sugar Mills Association (ISMA), in its third production estimate, pegged net sugar output at 29.3 MMT, reflecting downward revisions due to weaker-than-expected production in Maharashtra, Karnataka, and other minor producing states. Meanwhile, sugar exports are projected at around 0.7 MMT, constrained by relatively lower global prices.
In North India, the M-grade sugar market in Muzaffarnagar was quoted in the range of ₹4,030–₹4,130 per quintal, indicating a rise of Rs 5-10 per quintal. In western India, S-grade sugar prices in Kolhapur were reported at ₹3,690–₹3,730 per quintal, reflecting improved buying support.
Ex-mill Sugar Prices as on Feb, 26 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 |
₹3811 to 3831 |
₹3851 to 3901 |
|
Tamil Nadu |
₹4000 to 4125 |
₹4150 |
|
Madhya Pradesh |
₹3895 to 3945 |
₹3965 to 4015 |
|
Punjab |
– |
₹4090 to 4151 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Feb, 26 2026 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,347.00 |
|
Kanpur |
M/30 |
₹4,389.00 |
|
Kolhapur |
M/30 |
₹4,000.50 |
|
Kolkata |
M/30 |
₹4,357.50 |
|
Muzaffarnagar |
M/30 |
₹4,252.50 |
|
Ahmedabad |
M/30 |
₹4,158.00 |
|
Bangaluru |
M/30 |
₹4,168.50 |
|
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 $407.90 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.60 c/lb. The corn futures market trades at 432-2 and the ethanol Chicago trades at 1.68000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 90.916 whereas USD was trading with BRL at 5.1251 Crude WTI traded at $64.30 a barrel. Sensex closed 27.46 points down at 82,248.61 whereas Nifty closed 14.05 points higher at 25,496.55
News Round-Up
Dhampur Bio Organics to set up wholly owned subsidiary in UAE investing US$ 2 million
Dhampur Bio Organics to set up wholly owned subsidiary in UAE investing US$ 2 million
Season 2025–26: Maharashtra sugar production reaches 928.96 lakh quintals; 78 mills close
Season 2025–26: Maharashtra sugar production reaches 928.96 lakh quintals; 78 mills close
SED to build world’s first boilerless ‘greenfield standalone sugar refinery’ at Kandla
SED to build world’s first boilerless ‘greenfield standalone sugar refinery’ at Kandla
