ChiniMandi, Mumbai: 29th Jan 2026
Domestic Market
Domestic sugar price reported to be steady
Domestic sugar prices were reported steady across major markets. With the recent news around a potential increase in the Minimum Selling Price (MSP) beginning to fade, some price weakness was observed in Maharashtra. However, downside remains limited amid reports of lower sugar production, particularly from Maharashtra and Karnataka, due to excess rainfall. Additionally, recovery rates are now expected to be lower than initially anticipated, which could further tighten supply.
In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of โน3,980โโน4,100 per quintal, steady compared to the previous session. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded at โน3,590โโน3,660 per quintal, also steady versus the last session.
Ex-mill Sugar Prices as on Jan, 29 2026 :ย
|
State |
S/30ย [Rates per Quintal]ย |
M/30 [Rates per Quintal]ย |
|
Maharashtra |
โน3700 to 3710 |
โน3750 to 3760 |
|
South Karnataka |
โน4000 |
โน4050 |
|
Uttar Pradesh |
ย – |
โน3980 to 4100 |
|
Gujarat |
โน3771 to 3831 |
โน3841 to 3901 |
|
Tamil Nadu |
โน3925 to 4000 |
โน4020 to 4050 |
|
Madhya Pradesh |
โน3900 |
โน3950 to 3975 |
|
Punjab |
– |
โน4040 to 4171 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Jan, 29 2026 :ย
|
Cityย |
Gradeย |
Rateย |
|
Delhi |
M/30 |
โน4,284.00 |
|
Kanpur |
M/30 |
โน4,357.50 |
|
Kolhapur |
M/30 |
โน3,895.50 |
|
Kolkata |
M/30 |
โน4,305.00 |
|
Muzaffarnagar |
M/30 |
โน4,200.00 |
|
Ahmedabad |
M/30 |
โน4,095.00 |
|
Bangaluru |
M/30 |
โน4,116.00 |
|
Chennai |
M/30 |
โน4,252.50 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $408.00 ton, whereas the New York Sugar # 11 The front month contract is trading at 14.64 c/lb. The corn futures market trades at 432-2 and the ethanol Chicago trades at 1.58000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 91.884 whereas USD was trading with BRL at 5.1944 Crude WTI traded at $64.64 a barrel. Sensex closed 221.69 points up at 82566.37 whereas Nifty closed 76.15 points higher at 25418.90
News Round-Up
Starbucks India launches โZero-Sugarโ flavours across its Indian stores
Starbucks India launches “Zero-Sugar” flavours across its Indian stores
Praj demonstrates integrated Ethanol-to-Jet pathway for Sustainable Aviation Fuel with Axens Jetanolโข technology
Overloaded sugarcane vehicles raise safety concern to commuters in North Karnataka: Report
Overloaded sugarcane vehicles raise safety concern to commuters in North Karnataka: Report
