ChiniMandi, Mumbai: 31st Dec 2025
Domestic Market
Domestic sugar prices were steady
Domestic sugar prices were reported steady across the major markets. As prices have fallen sharply since the start of the crushing season, they are expected to take support around these levels especially over Maharashtra and Karnataka. As spread is still wide between Uttar Pradesh and Maharashtra they may remain under pressure.
Spot prices in key physical markets reflected this subdued tone. In Muzaffarnagar, Uttar Pradesh, M-grade sugar was quoted in the range of ₹3,930–₹4,000 per quintal. Meanwhile, in Kolhapur, Maharashtra, S-grade sugar traded marginally lower at ₹3,580–₹3,640 per quintal.
Ex-mill Sugar Prices as on Dec, 31 2025 :
|
State |
S/30 [Rates per Quintal] |
M/30 [Rates per Quintal] |
|
Maharashtra |
₹3680 to 3690 |
₹3730 to 3740 |
|
South Karnataka |
₹3800 |
₹3850 |
|
Uttar Pradesh |
– |
₹3930 to 4000 |
|
Gujarat |
₹3711 to 3751 |
₹3771 to 3811 |
|
Tamil Nadu |
₹3875 to 4040 |
₹4000 |
|
Madhya Pradesh |
₹3750 to 3805 |
₹3820 to 3905 |
|
Punjab |
– |
₹4040 to 4141 |
|
(All the above rates are excluding GST) |
||
Destination-wise Spot Prices as on Dec, 31 2025 :
|
City |
Grade |
Rate |
|
Delhi |
M/30 |
₹4,284.00 |
|
Kanpur |
M/30 |
₹4,315.50 |
|
Kolhapur |
M/30 |
₹3,906.00 |
|
Kolkata |
M/30 |
₹4,305.00 |
|
Muzaffarnagar |
M/30 |
₹4,147.50 |
|
Ahmedabad |
M/30 |
₹4,074.00 |
|
Bangaluru |
M/30 |
₹4,158.00 |
|
Chennai |
M/30 |
₹4,284.00 |
International Market
At the time of writing this update London White Sugar #The 5 front month contract is trading at $430.20 ton, whereas the New York Sugar # 11 The front month contract is trading at 15.92 c/lb. The corn futures market trades at 439-9 and the ethanol Chicago trades at 1.59000s.
Currency, Commodity & Indian Indices
The rupee traded against the US dollar at 89.870 whereas USD was trading with BRL at 5.4778 Crude WTI traded at $58.34 a barrel. Sensex closed 20.46 points down at 84675.08 whereas Nifty closed 3.25 points lower at 25938.85
News Round-Up
State-wise monthly sugar quota for sale in January 2026
Sugar production in India reaches 118 lakh tonnes: NFCSF
Global sugar consumption expected to continue gradual growth trajectory of 1.2% per year: Cepea
Global sugar consumption expected to continue gradual growth trajectory of 1.2% per year: Cepea
